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Coinbase (NASDAQ: COIN) announced:
In recent years, Coinbase has played a central role in the development and strengthening of crypto markets as the most secure and reliable bridge to the crypto economy. Today marks an exciting next step in our journey as we announce that Coinbase is partnering with BlackRock, the world’s largest asset manager, to bring institutional clients Aladdin®, the world’s largest investment management platform. BlackRock end-to-end, direct access to crypto, starting with bitcoin, through connectivity to Coinbase Prime. Coinbase Prime will provide cryptocurrency trading, custody, prime brokerage and reporting capabilities to Aladdin’s institutional client base who are also Coinbase clients.
Built for institutions, Coinbase Prime integrates advanced agency trading, custody, prime funding, staking and staking infrastructure, data and reporting that support the entire transaction lifecycle. We combine these capabilities with leading security, insurance, and compliance practices to provide Coinbase’s institutional clients with a full-service platform to access crypto markets at scale. Coinbase clients include hedge funds, asset allocators, financial institutions, corporate treasuries, and other institutions.
Our scale, experience and integrated product offering represent what BlackRock believes is a logical partner for Aladdin.
“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational life cycle of these assets,” said Joseph Chalom, Global Head of Strategic Ecosystem Partnerships. at BlackRock. “This connectivity with Aladdin will enable clients to manage their bitcoin exposures directly within their existing portfolio management and trading workflows for a complete view of portfolio risk across asset classes.”
The Coinbase partnership between BlackRock and Aladdin is an exciting milestone for our company. As a trusted partner enabling institutions to participate and transact in the crypto economy, we are committed to driving the industry forward and creating new entry points as institutional adoption of crypto continues to rapidly accelerate. We are honored to partner with an industry leader and look forward to furthering Coinbase’s goal of bringing greater access and transparency to cryptocurrencies.
BlackRock and Coinbase will continue to advance the integration of the platform and roll out the functionality in phases to interested customers. Access is available to institutions contracted with both Aladdin and Coinbase. To gain access or learn more about capabilities, please contact [email protected]
About Coinbase Prime
Coinbase Prime is the leading institutional brokerage platform for crypto assets, trusted by over 13,000 institutional clients.
Coinbase Prime is a fully integrated platform built specifically for institutions to support the entire transaction lifecycle, including advanced multi-venue agency trade execution for 200 assets, custody of over 300 assets, prime funding, participation and investment, data and analysis and reports. .
Institutions can access Coinbase Prime directly through a user interface or as an integrated platform through APIs to offer crypto-related products such as ETPs and ETFs, custody or brokerage solutions for institutional, private and retail clients.
Coinbase Prime’s custodian, Coinbase Custody Trust Company, is a qualified custodian and New York limited purpose trust company regulated by the New York Department of Financial Services. Coinbase Custody Trust Company is a trustee under New York State banking law.