Blockchain.com names custody partner for its institutional offering

Published at: April 22, 2022

Blockchain.com, a cryptocurrency exchange and financial services firm, has named Standard Custody & Trust Company as the custodian for Blockchain.com and Altis Partner's new institutional platform, Blockchain.com Asset Management (BCAM).

On April 6, Blockchain.com introduced a suite of institutional investment solutions that combine the crypto trading infrastructure, research and security software services of Blockchain.com in partnership with investment management firm Altis Partners.

According to the Thursday announcement, Standard Custody's service is regulated, insured and led by a team of experts from the crypto and financial services industry. Charles McGarraugh, Altis Partners' chief investment officer, stated that:

“The advent of distributed ledger technologies and crypto assets has the potential to change the structure of financial services and global capital markets while presenting new opportunities for investors."

Institutional involvement in the cryptocurrency industry has increased considerably over the years, suggesting a stark change in how traditional investors view digital assets. Since the debut of Bitcoin (BTC) futures in December 2017, the crypto industry has given institutional onramps to trading platforms, secure custody solutions and new product offerings such as exchange-traded products, micro futures and now exchange-traded funds.

The expansion of crypto custody continues as more institutional investors seek exposure to Bitcoin, Ether (ETH) and decentralized finance (DeFi). Last week, decentralized finance wallet and browser extension MetaMask teamed up with four major crypto custodians to expand its institutional offering: Gnosis Safe, Hex Trust, GK8 and Parfin.

Related: What is driving institutions to invest in crypto? BlockFi's David Olsson explains

Coinbase, Microstrategy and EQONEX Group are just a few firms that actively encourage institutional investors to get involved in the crypto market. As more institutional money enters the cryptocurrency space, publicly listed companies with direct exposure to crypto have emerged as a viable entry point for traditional investors.

Tags
Adoption
Blockchain
Etf
Bitcoin
Regulation
Ethereum
Business
Ipo
Microstrategy
Related Posts
PayPal to start letting US customers pay in Bitcoin at global merchants
Online payments giant PayPal will start to accept cryptocurrency as a medium of exchange at its millions of global merchants, the firm’s president and CEO revealed on Tuesday ahead of a formal announcement. News broke regarding PayPal’s rumored decision to accept cryptocurrencies early on March 30. Later in the day, the firm’s CEO, Dan Schulman, confirmed to Reuters that the rumors were true and that an official statement would be released imminently. The new system is expected to feature a crypto checkout service where users can pay for goods and services at approved vendors using their stored coins. The system …
Adoption / March 30, 2021
Coinbase registers 114.9 million shares ahead of direct Nasdaq listing
Cryptocurrency exchange Coinbase has registered 114,850,769 shares of class A common stock for a direct listing on the Nasdaq stock exchange, as per an amended S-1 filing with the United States Securities and Exchange Commission. Coinbase announced its intention to launch an initial public offering back in December 2020 when it first filed registration forms with the SEC. By early March, the pre-market private trading price of the shares had risen as high as $375, giving the company an estimated pre-IPO valuation of around $100 billion at the time. The updated S-1 filing suggests a volume-weighted average price per share …
Blockchain / March 17, 2021
Cointelegraph announces the Top 100 Notable People in Blockchain 2021
Let’s get one thing out of the way: You will not agree with every selection on the Cointelegraph list of the Top 100 Notable People in Blockchain. In fact, you will almost certainly disagree, vehemently, with many of the people we’ve included on this year’s list. You will rage at the inclusion of [insert comedy villain here] and the exclusion of, say, Charles Hoskinson. Particularly if you are indeed Charles Hoskinson. You will seethe at the fact that Arthur Hayes is nowhere to be found. (We looked.) You'll eat your own... words because you once tweeted that John McAfee was …
Decentralization / Feb. 1, 2021
Bitcoin AUM falls 9.5% to record largest monthly pullback since July
The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion. While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data reflects a change in sentiment as Ethereum (ETH) and other cryptocurrency products pick up steam against falling Bitcoin assets under management (AUM). As shown in the above graph, the total AUM across all digital asset investment products has fallen 5.5% to …
Adoption / Nov. 28, 2021
Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war
Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations. As Russia threatens to take over Ukraine’s capital city of Kyiv, the government of Ukraine sought help from numerous international organizations to overpower the imminent threat. However, considering time is of the essence, the official Twitter account of Ukraine extended its call for help to Crypto Twitter. Stand with the people of Ukraine. Now accepting cryptocurrency donations. …
Adoption / Feb. 27, 2022