BlackRock Plans to Offer Crypto Trading

Breaking: $10 Trillion Asset Management Firm BlackRock To Offer Crypto Trading Services

Feb 10, 2022

BlackRock manages over $10 trillion in assets for institutions, plans to enter the cryptocurrency space with client support trading and then with their own credit facility.

BlackRock will allow its clients: Public Pension Schemes, Endowments, and, Sovereign Wealth Funds Clients would be able to trade crypto through the firm’s Aladdin investment platform.

BlackRock was interested in getting “hands-on with outright crypto” and was “looking at providers in the space.”

- A second person with knowledge of the plan

"A group of approximately 20 or so inside BlackRock is evaluating crypto. Like how everyone else is getting and wants to start making some money from crypto trading.”

Data Source: Coindesk

- A third person with knowledge of the plan

The company also has plans to launch the iShares Blockchain and Tech ETF, an exchange-traded fund tracking an index composed of companies involved in crypto technologies in the U.S. and abroad.

BlackRock also owns 16.3% of MicroStrategy, whose CEO, Michael Saylor, regularly trumpets news about his firm’s bitcoin holdings.