Standard CustodyCompany has been appointed as the custodian for Blockchain.com and Altis Partner’s new institutional platform, Blockchain.com Asset Management (BCAM).
On April 6, Blockchain.com and investment management firm Altis Partners announced a suite of institutional investment solutions that integrate Blockchain.com’s crypto trading infrastructure, research, and security software services.
The recently launched BCAM will provide an institutional-grade custody and settlement platform for digital assets.
Standard Custody’s service, according to the statement on Thursday, is licensed, insured, and managed by a team of crypto and financial services experts. Altis Partners’ chief investment officer, Charles McGarraugh, stated:
“The advent of distributed ledger technologies and crypto assets has the potential to change the structure of financial services and global capital markets while presenting new opportunities for investors.”
Institutional participation in the cryptocurrency market has risen dramatically in recent years, indicating a significant shift in how traditional investors view digital assets.
Since the launch of Bitcoin (BTC) futures in December 2017, the crypto sector has provided institutional access to trading platforms, secure custody solutions, and new product offerings like as exchange-traded products, micro futures, and, most recently, exchange-traded funds.
Companies broaden their institutional offerings
As more institutional investors seek exposure to Bitcoin, Ether (ETH), and decentralized finance, crypto custody continues to grow (DeFi).
Last week, MetaMask, a decentralized finance wallet and browser plugin, announced a partnership with some major crypto custodians including Gnosis Safe, Hex Trust, GK8, and Parfin, to broaden its institutional offering.
Coinbase, Microstrategy, and EQONEX Group are just a few companies that aggressively encourage institutional investors to enter the cryptocurrency industry.
Publicly traded firms with direct exposure to cryptocurrencies have emerged as a feasible entry point for traditional investors as more institutional money enters the cryptocurrency industry.