Coinbase, an American cryptocurrency exchange company, has announced a partnership with BlackRock, a leading asset management company.
In partnership, Coinbase will provide direct access to crypto trading Capabilities for institutional users of Aladdin, the end-to-end investment management platform owned by BlackRock.
Coinbase’s Brett Tejpaul, Head of Coinbase Institutional, and Greg Tusar, Vice President, Institutional Products, announced the collaboration on Thursday at blog article on the exchange website.
The crypto trading feature will start with access to Bitcoin trading for institutional clientsTejpaul and Tusar note.
“Our scale, experience and integrated product offering represent what we believe BlackRock is a logical partner for Aladdin,” he said.
Coinbase Prime
Coinbase said the capacity will be delivered through Coinbase Prime, an institution leading brokerage platform
for crypto assets.
Through Coinbase Prime, the exchange will also provide access to custody, prime brokerage, and reporting functionality for Aladdin’s institutional users.
“Built for institutions, Coinbase Prime combines advanced agency trading, custody, principal financing, staking, and staking infrastructure, data, and reporting that support the entire transaction lifecycle,” Tejpaul and Tusar explained.
These features will be enjoyed by Aladdin’s institutional customers who are also customers of publicly traded exchanges, Coinbase said.
The exchange notes that its institutional clients include asset allocation, financial institutions, hedge funds, and corporate wealth, among others.
Commenting on the partnership, Joseph Chalom, Head of Global Strategic Ecosystem Partnerships at BlackRock, noted that Coinbase Prime’s connectivity with Aladdin will allow corporate clients to manage their Bitcoin exposure directly from Aladdin’s workflow.
Chalom added that the new feature will give clients a “whole portfolio view of risk across asset classes.”
“Our institutional clients are increasingly interested in gaining exposure to the digital asset market and focusing on how to efficiently manage the operational cycle of these assets,” explained Chalom.
Both companies note that they will continue to work on integration and introduce new features over time for interested clients.
“As a trusted partner that enables institutions to participate and transact in the cryptoeconomy, we are committed to pushing the industry forward and creating new access points as institutional crypto adoption continues to accelerate,” Coinbase said.
Coinbase, an American cryptocurrency exchange company, has announced a partnership with BlackRock, a leading asset management company.
In partnership, Coinbase will provide direct access to crypto trading Capabilities for institutional users of Aladdin, the end-to-end investment management platform owned by BlackRock.
Coinbase’s Brett Tejpaul, Head of Coinbase Institutional, and Greg Tusar, Vice President, Institutional Products, announced the collaboration on Thursday at blog article on the exchange website.
The crypto trading feature will start with access to Bitcoin trading for institutional clientsTejpaul and Tusar note.
“Our scale, experience and integrated product offering represent what we believe BlackRock is a logical partner for Aladdin,” he said.
Coinbase Prime
Coinbase said the capacity will be delivered through Coinbase Prime, an institution leading brokerage platform
for crypto assets.
Through Coinbase Prime, the exchange will also provide access to custody, prime brokerage, and reporting functionality for Aladdin’s institutional users.
“Built for institutions, Coinbase Prime combines advanced agency trading, custody, principal financing, staking, and staking infrastructure, data, and reporting that support the entire transaction lifecycle,” Tejpaul and Tusar explained.
These features will be enjoyed by Aladdin’s institutional customers who are also customers of publicly traded exchanges, Coinbase said.
The exchange notes that its institutional clients include asset allocation, financial institutions, hedge funds, and corporate wealth, among others.
Commenting on the partnership, Joseph Chalom, Head of Global Strategic Ecosystem Partnerships at BlackRock, noted that Coinbase Prime’s connectivity with Aladdin will allow corporate clients to manage their Bitcoin exposure directly from Aladdin’s workflow.
Chalom added that the new feature will give clients a “whole portfolio view of risk across asset classes.”
“Our institutional clients are increasingly interested in gaining exposure to the digital asset market and focusing on how to efficiently manage the operational cycle of these assets,” explained Chalom.
Both companies note that they will continue to work on integration and introduce new features over time for interested clients.
“As a trusted partner that enables institutions to participate and transact in the cryptoeconomy, we are committed to pushing the industry forward and creating new access points as institutional crypto adoption continues to accelerate,” Coinbase said.
