Asset manager BlackRock is partnering with Anchorage Digital for crypto custody services, a move aimed at addressing the rising demand for digital assets from retail and institutional investors.
According to an April 8 announcement, BlackRock is the world’s largest investment firm, with $11.6 trillion in assets under management. The company ranks among the largest providers of crypto exchange-traded products (ETPs), with holdings totaling $45.3 billion in Bitcoin (BTC) and $1.7 billion in Ether (ETH), according to data from Arkham.
BlackRock’s crypto holdings. Source: Arkham Intelligence
Anchorage is the only federally chartered crypto bank in the United States. Along with custody services, it will provide BlackRock access to digital assets staking and settlement. Anchorage currently supports BlackRock’s BUIDL fund — a $2 billion tokenized fund <a data-ct-non-breakable="null" href="https://app.rwa.xyz/assets/BUIDL"