Coinbase Partners BlackRock to Prop Institutional Crypto Investing

Crypto exchange Coinbase has partnered with BlackRock, the world’s largest asset manager, to offer institutional users access to crypto through Coinbase Prime.

BlackRock’s institutional clients will tap Coinbase’s trading, custody, prime brokerage and reporting services.

BlackRock said in a press release that the partnership means its clients will be able to track their crypto investments alongside the rest of their portfolio.

In April, the $10 trillion asset manager listed the iShares Blockchain and Tech ETF, which gives investors exposure to blockchain technology without directly investing in digital assets.