BlackRock Selects Coinbase to Provide Aladdin Clients Access to Crypto Trading and Custody

Posted on 08/04/2022

Coinbase is partnering with BlackRock Inc., the world’s largest asset manager, to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with bitcoin, through connectivity with Coinbase Prime. Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s Institutional client base who are also clients of Coinbase. Coinbase Prime is an institutional prime broker platform for crypto assets that has over 13,000 institutional clients. Coinbase Prime’s custodian is Coinbase Custody Trust Company.

“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” said Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock in a press release. “This connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.”

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