A source stated that they will be able to trade crypto through BlackRock’s Aladdin investment platform.
The world’s largest asset manager, BlackRock, is working to offer cryptocurrency trading services to its investors, according to anonymous sources.
The US-based company, which manages over $10 trillion in assets, plans to allow customers to borrow money from BlackRock by committing crypto assets as collateral.
Source allows BlackRock’s clients, including public pension plans, endowments, and government wealth funds, to trade crypto through Aladdin (short for Asset, Liability, Debt and Derivative Investment Network), the asset manager’s integrated investment management. He said he would know. No information on when the service will be announced was not shared.
BlackRock also declined to comment on the matter.
It should be noted that BlackRock also owns 16.3% of MicroStrategy, of which Michael Saylor is the CEO.
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