BlackRock has teamed up with Anchorage Digital to provide secure custody solutions for its growing digital asset initiatives, further signaling the asset management giant’s deepening commitment to the crypto space.
The partnership will see Anchorage Digital serve as the custodian for BlackRock’s digital asset products, including its spot Bitcoin exchange-traded fund (ETF). Anchorage, a federally chartered crypto bank, is known for its institutional-grade infrastructure, which aligns with BlackRock’s standards for compliance and security.
This collaboration reflects BlackRock’s strategy to build a robust and compliant ecosystem for institutional investors entering the digital asset market. With regulatory scrutiny intensifying, the firm’s choice to work with a regulated custodian like Anchorage underscores the importance of trust and transparency in this evolving financial landscape.
The move follows BlackRock’s broader expansion into crypto, which includes launching its iShares Bitcoin Trust (IBIT) and exploring tokenization of traditional financial assets. By partnering with Anchorage, BlackRock aims to offer clients a seamless and secure bridge between traditional finance and the digital economy.
Anchorage Digital’s CEO welcomed the partnership as a pivotal moment for institutional crypto adoption, highlighting the potential to further integrate blockchain-based assets into mainstream investment portfolios.
