Blockchain.com names custody partner for its institutional offering

Blockchain.com, a cryptocurrency speech and fiscal services firm, has named Standard Custody & Trust Company arsenic the custodian for Blockchain.com and Altis Partner's caller organization platform, Blockchain.com Asset Management (BCAM).

On April 6, Blockchain.com introduced a suite of organization concern solutions that harvester the crypto trading infrastructure, probe and information bundle services of Blockchain.com successful concern with concern absorption steadfast Altis Partners.

According to the Thursday announcement, Standard Custody's work is regulated, insured and led by a squad of experts from the crypto and fiscal services industry. Charles McGarraugh, Altis Partners' main concern officer, stated that:

“The advent of distributed ledger technologies and crypto assets has the imaginable to alteration the operation of fiscal services and planetary superior markets portion presenting caller opportunities for investors."

Institutional engagement successful the cryptocurrency manufacture has accrued considerably implicit the years, suggesting a stark alteration successful however accepted investors presumption integer assets. Since the debut of Bitcoin (BTC) futures successful December 2017, the crypto manufacture has fixed organization onramps to trading platforms, secure custody solutions, and caller merchandise offerings specified arsenic exchange-traded products, micro futures, and present exchange-traded funds.

The enlargement of crypto custody continues arsenic much organization investors question vulnerability to Bitcoin, Ether (ETH), and decentralized concern (DeFi). Last week, decentralized concern wallet and browser hold MetaMask teamed up with 4 large crypto custodians to grow its organization offering: Gnosis Safe, Hex Trust, GK8, and Parfin.

Related: What is driving institutions to put successful crypto? BlockFi's David Olsson explains

Coinbase, Microstrategy and EQONEX Group are conscionable a fewer firms that actively promote organization investors to get progressive successful the crypto market. As much organization wealth enters the cryptocurrency space, publically listed companies with nonstop vulnerability to crypto person emerged arsenic a viable introduction constituent for accepted investors.