Financial Markets

BLACKROCK TO OFFER CRYPTO FOR INSTITUTIONAL INVESTORS THROUGH COINBASE PRIME

BlackRock, the world's biggest asset manager, has formed a partnership with publicly traded crypto exchange Coinbase. BlackRock's investment management platform, Aladdin, will make crypto directly available to institutional investors. Aladdin has more than 200 institutional users, including insurers, pensions, corporations, asset managers, banks and official institutions. The integration comes four months after BlackRock CEO Larry Fink said the firm would explore ways to offer digital assets.
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