Blackrock and Bitcoin logo on dark background with shiny details. 3D render. MUENSTER, GERMANY - June 17, 2023
- BlackRock has partnered with Anchorage Digital to enhance its crypto custody services, addressing the growing demand for secure digital asset management.
- The collaboration also expands BlackRock’s involvement in digital assets, including its $2 billion BUIDL fund and Bitcoin ETF offerings.
In a strategic move aimed at expanding its digital asset offerings, BlackRock, the world’s largest investment firm, has entered into a partnership with Anchorage Digital for crypto custody services. This collaboration is set to address the growing demand for secure digital asset management among both retail and institutional investors.
A Game-Changer for Crypto Custody
BlackRock, with $11.6 trillion in assets under management, is positioning itself at the forefront of the digital asset space. The company is already one of the largest providers of crypto exchange-traded products (ETPs), holding substantial amounts of Bitcoin (BTC) and Ether (ETH), totaling $45.3 billion and $1.7 billion respectively, as of recent data. Through this partnership with Anchorage Digital, BlackRock aims to bolster its crypto services, tapping into Anchorage’s expertise in digital asset custody.
Anchorage is the only federally chartered crypto bank in the United States, giving it a unique regulatory edge. In addition to custody services, Anchorage will offer BlackRock access to digital asset staking and settlement. This collaboration also extends to BlackRock’s BUIDL fund, a $2 billion tokenized fund backed by U.S. Treasurys and focused on real-world assets.
Bitcoin ETFs and Their Roller-Coaster Ride
BlackRock has made waves in the Bitcoin ETF space, with its iShares Bitcoin Trust ETF attracting considerable attention. Since its launch in January 2024, Bitcoin funds have seen an influx of $36 billion. However, the journey has not been smooth, as 2025 has been marked by volatile swings in Bitcoin ETF inflows. Despite this, BlackRock’s iShares Bitcoin Trust ETF has outperformed competitors, recording a net inflow of $39 billion, according to recent reports. This performance has solidified its position as one of the most successful ETF launches in history.
Future Prospects for Digital Assets
The partnership between BlackRock and Anchorage Digital highlights the growing importance of secure and reliable custody services in the crypto world. As more institutional investors explore digital assets, such strategic collaborations will be key to navigating the complexities of crypto investment. With Anchorage’s robust infrastructure and BlackRock’s vast experience in asset management, this partnership is poised to shape the future of digital asset custody.
Through this strategic move, BlackRock is not only enhancing its position in the crypto market but also ensuring that its digital asset services remain secure, accessible, and compliant with evolving regulations.
