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BlackRock has developed a spot Bitcoin private trust to provide institutional customers in the United States with direct exposure to the world’s most popular cryptocurrency.
Despite recent market volatility, the business claimed it is still experiencing “substantial interest” from some of its institutional clients in accessing crypto markets through its technology. The development follows another announcement last week that BlackRock will provide Coinbase Prime access to customers of its Aladdin asset management platform.
The $10 trillion asset management has also stated that it is investigating “permissioned blockchains, stablecoins, cryptoassets, and tokenization.”
At DeFi Consulting Group, we provide consulting services to family offices and other financial institutions on navigating the Crypto Assets and Decentralized Finance space. Reach out to our team for guidance on how to effectively approach this field.