BlackRock Might Rally Crypto To The Moon!

Black Rock the world’s largest asset manager with over $10 Trillion assets under management is preparing to offer crypto trading services to investors according to three sources quoted by Coin Desk who have knowledge about the matter.

How it will work?

The first part of the plan is to induce “client support trading” where clients will be advised on crypto trades and be assisted on how to trade them properly. The second part is to introduce a crypto trading facility, which one of the sources said would allow clients to borrow from BlackRock by pledging crypto assets as collateral.

The significantly more impactful part of the plan is how it plans to introduce crypto into its Aladdin Program.

Aladdin: is a multi-asset class platform that supports risk analytics and the full investment process across equity, fixed income, FX, bank loans, derivatives, and alternatives such as real estate, commodities, and private equity.

Aladdin has over 55 000 investors and about 240 clients who are mainly massive asset managers who actively use it, the value of the assets that are managed using the software amount to $20 Trillion, and BlackRock wants to introduce Cryptocurrency into this financial ecosystem.

“One of the people said BlackRock will allow its clients – which include public pension schemes, endowments, and sovereign wealth funds – to trade cryptocurrency through Aladdin (short for “Asset, Liability, Debt and Derivative Investment Network”), the asset manager’s integrated investment management platform.” - Source Coin Desk

Signs of this were evident as early as June 2021, when BlackRock started hiring for an “Aladdin blockchain strategy lead.”

The timetable for unveiling the service is unclear.

Source: https://www.coindesk.com/business/2022/02/09/blackrock-planning-to-offer-crypto-trading-sources-say/