As the safest and most dependable link to the crypto economy over the past few years, Coinbase has been crucial to the growth and strengthening of crypto markets. The announcement that Coinbase is collaborating with BlackRock, the largest asset manager in the world, is an exciting next step in our journey. Through connectivity with Coinbase Prime, institutional clients of Aladdin®, BlackRock’s end-to-end investment management platform, will have direct access to cryptocurrencies, starting with bitcoin. Aladdin’s institutional clientele, who are also Coinbase customers, will get access to crypto trading, custody, prime brokerage, and reporting tools through Coinbase Prime.

The advanced agency trading, custody, prime finance, staking, staking infrastructure, data, and reporting that supports the whole transaction lifecycle are all integrated into Coinbase Prime, which was designed for institutions. To offer institutional clients of Coinbase a full-service platform to access the crypto markets at scale, we combine these capabilities with cutting-edge security, insurance, and compliance processes. Hedge funds, asset allocators, financial institutions, corporate treasuries, and other institutions are some of Coinbase’s clientele.

BlackRock considers us to be an appropriate partner for Aladdin because of our size, expertise, and integrated product offering.

“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,”

“This connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.”

        Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock. 

The BlackRock and Aladdin relationship on Coinbase is a significant development for our company. We are dedicated to driving the industry forward and developing new access points as institutional crypto usage continues to quickly increase as we serve as the trusted partner enabling institutions to participate in and transact in the crypto economy. We are honored to collaborate with a pioneer in the field and look forward to advancing Coinbase’s mission of increasing accessibility and transparency to cryptocurrencies.

The platform connection will continue to advance, and BlackRock and Coinbase will gradually push out features to interested customers. Institutions that have contracts with both Aladdin and Coinbase are allowed to access.