BlackRock and Anchorage Digital Unite for Crypto Custody

BlackRock, the mammoth with $11.6 trillion under management, has teamed up with Anchorage Digital for digital asset custody. This is a bold move to cater to the rising demand for crypto assets among investors. Anchorage, the only federally chartered crypto bank in the U.S., will not only provide custody but also enable staking and settlement services for BlackRock. Amidst a rollercoaster ride for Bitcoin ETFs, this partnership underscores BlackRock's intent on navigating the digital asset arena. It’s a sign the traditional financial world is leaning more into crypto’s embrace.