BlackRock, a global asset management company, is expected to offer digital asset trading services through its Aladdin portfolio management software.
BlackRock, a global asset manager that manages more than $10 trillion in assets, is apparently ready to dive into crypto trading services.
CoinDesk, the company reportedThe new service will be available through its Asset, Liability, Debt and Derivative Investment Network (Aladdin) starting 9 February.
Sources familiar with the matter and cited CoinDesk claim that investors in the asset manager will have access to crypto trading as well as a collateralized lending facility.
BlackRock is interested in this service, but it’s not surprising that the timing and possibility of its success do not surprise.
Since the news that a fund managed and owned by BlackRock had purchased the CME Bitcoin futures products, BlackRock’s interest has grown rapidly. This was March 2013. In June, BlackRock announced a position as a blockchain expert for its Aladdin service.
After that, the company took another step in the crypto ecosystem by applying for an exchange-traded funds (ETF) at the US Securities and Exchange Commission.
According to the filing, ETF Index will track the major blockchain technology companies in the US and around the globe.
