Asset manager BlackRock, Krakensubsidiary of CF BenchmarksIt will use ‘s Bitcoin (BTC) index.
Last month, the company bitcoinanother US-based crypto exchange to make . coinbasehad collaborated with.
New Step For BlackRock
The world’s largest asset manager BlackRock , with the agreements it has made, has often taken its place on the agenda. The company will provide corporate users with direct access to Bitcoin in its new service. The company in this service Krakenexchange’s subsidiary CF Benchmarks will use the Bitcoin index.
CF Benchmark CEO Sui Chung said in a statement on the subject:
“The launch of BlackRock’s Bitcoin fund is a sign of how mature crypto is as an asset class”
Chung continued:
“As a provider of robust, high-integrity benchmarks that enable asset managers to appropriately value their financial products, CF Benchmarks is proud to play this integral role in helping facilitate the entry of new investors and capital into the emerging asset class.”
Additionally, BlackRock announced last month that it is partnering with Coinbase to build trust in Bitcoin at the institutional level. With this move, investors, Coinbase Primethrough BlackRockIt allows them to buy, sell, and store Bitcoins.
