Blockchain.com Joins Altis To Launch Asset Management Platform

Cryptocurrency monetary providers firm Blockchain.com has teamed up with veteran funding supervisor Altis Companions to launch an asset administration platform, the businesses introduced Wednesday.

Blockchain.com Asset Administration (BCAM) will present asset administration sources, crypto buying and selling infrastructure, analysis and safety software program providers to institutional traders, excessive networth people and household places of work.

Via the partnership, Altis will handle investments and Blockchain.com will present the analysis, safety and software program providers and buying and selling infrastructure.

“The arrival of distributed ledger applied sciences and crypto belongings has the potential to vary the construction of worldwide capital markets whereas presenting new alternatives for traders,” Blockchain.com Chief Technique Officer Charles McGarraugh wrote in a blog post Wednesday. “We’re happy to supply our danger administration and operational experience on this thrilling sector to a good broader vary of shoppers.”

The platform will provide a Bitcoin Tracker, which is able to monitor bitcoin’s value versus USD, and the Bitcoin Sensible Beta, a software designed to cut back volatility and drawdowns, McGarraugh stated.

The launch of BCAM comes shortly after Blockchain.com closed a funding spherical of an undisclosed quantity and raised its valuation to $14 billion. The agency additionally not too long ago acquired Altonomy, a Singapore-based over-the-counter buying and selling and executions firm, with a purpose to broaden institutional choices.

“To make good on our mission to construct a monetary system for the web that empowers anybody wherever to regulate their cash, we have to speed up institutional adoption,” Blockchain.com stated in a weblog publish on the time of the announcement. “I can’t wait to see what our groups accomplish collectively.”

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Casey Wagner

Blockworks

Senior Reporter

Casey Wagner is a New York-based enterprise journalist overlaying regulation, laws, digital asset funding corporations, market construction, central banks and governments, and CBDCs. Previous to becoming a member of Blockworks, she reported on markets at Bloomberg Information. She graduated from the College of Virginia with a level in Media Research.

Contact Casey through e-mail at [email protected]