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BlackRock Steps Deeper into Crypto
The world’s largest asset manager, BlackRock, just made another big crypto move. They’ve officially partnered with Anchorage Digital, a federally chartered crypto bank in the U.S., to handle custody services for their growing stash of digital assets.
This isn’t just about locking up Bitcoin and Ether in a vault. Anchorage will also offer BlackRock staking and settlement services — fancy words for making sure BlackRock’s crypto stays safe while still working for them.
Why Anchorage Digital?
Anchorage isn’t your average crypto company. It’s the only federally regulated crypto bank in the U.S., which makes it a perfect fit for a giant like BlackRock.
Plus, Anchorage already supports BlackRock’s $2 billion tokenized fund called BUIDL. That fund invests in real-world assets like U.S. Treasurys — but in a fully tokenized form. Yes, even government bonds are getting a crypto glow-up.
BlackRock’s Massive Crypto Holdings
BlackRock’s crypto bag is impressive. According to data from Arkham Intelligence, the company holds about $45.3 billion worth of Bitcoin and $1.7 billion in Ether. That’s more than some entire countries’ GDP.
Interestingly, BlackRock still uses Coinbase for Bitcoin custody within its iShares Bitcoin Trust ETF. But this new partnership with Anchorage shows the asset manager is diversifying its custody strategy as its crypto footprint expands.
Crypto Demand Keeps Rising
This move comes as demand for crypto from both retail and institutional investors keeps surging. Bitcoin ETFs alone have attracted $36 billion in inflows since early 2024, with BlackRock’s products leading the charge.
And while crypto markets remain volatile, big players like BlackRock aren’t slowing down. In fact, partnerships like this show they’re just getting started.
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