Rumor has it that BlackRock, an investment management company. the largest in the world Preparing to Offer Crypto Trading Services to Investor Clients According to information from three people with knowledge of the plan.
New York company that managesMore than $10 trillion in assetsFor institutions, plans to enter the digital currency space with the service. In other words, clients can borrow money from BlackRock using their digital assets as collateral.
“BlackRock will allow its customers This includes pension programs, endowments, and state sovereign wealth funds. Cryptocurrency can be traded through Aladdin (short for “Asset, Liability, Debt and Derivative Investment Network”), an integrated investment management platform of asset managers.”
The company also plans to launch iShares Blockchain and Tech ETF whichIt is an exchange-traded fund that tracks an index comprised of US and international crypto-related companies.
BlackRock also owns 16.3% of MicroStrategy, of which his company’s CEO, Michael Saylor. Always list his company’s bitcoin purchases.
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