News

BlackRock Plans to Offer Crypto Trading and Credit Services

0
Portrait of a surprised blond businesswoman looking at her smartphone screen in disbelief. There are bitcoins falling around her.

American International investment firm BlackRock is preparing to offer cryptocurrency trading and lending services to its clients.

Source: Cryptobriefing

BTCUSD is down -0.65%

The offering is expected to be done through the firm’s asset, debt, liability, and derivative investment network. Clients would use crypto as collateral in accessing credit if the plan sails through.

The company is also planning to launch an ETF that tracks blockchain companies as per its January filings with the Securities and Exchange Commission.

Sources reveal that 20 BlackRock staff members are looking into investing in cryptocurrencies, citing attractive returns.

The investment firm has been making inroads into the cryptocurrency space. It posted a job advert in 2020 for a blockchain executive. BlackRock also began searching for a blockchain strategy lead last year.

BlackRock is the biggest asset manager globally, with over $10 AUM from institutional clients. Pension schemes and sovereign wealth funds are some of BlackRock’s clients.

fxcoach

US December’s Wholesale Inventories Jump 2.2%

Previous article

Billionaire Investor Bill Miller Touts Bitcoin, Likens It to an Insurance Policy

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News