BlackRock Expands Crypto Infrastructure with Anchorage Digital, Pushing Forward Integration of Digital Asset Custody and Administration
April 9, New York - Asset management giant BlackRock has announced a new strategic move in the cryptocurrency space by expanding its partnership with Anchorage Digital, the first and only federally licensed digital asset custodian in the United States. The move marks a significant milestone in BlackRock’s roadmap to build a secure and scalable infrastructure for spot cryptocurrency products.
Anchorage Digital Becomes BlackRock’s New Custody Partner
According to an announcement on April 8, Anchorage Digital has been selected by BlackRock as the digital asset custody partner for its spot Exchange-Traded Products (ETPs) and other crypto-related investment instruments. This is the result of a comprehensive review of the security, scalability, and operational standards of Anchorage, which has already provided custody services to the BlackRock USD Digital Asset Liquidity Fund (BUIDL).
Through Anchorage Digital Bank, a federally regulated bank specializing in digital assets, BlackRock now has access to on-chain custody, staking, settlement, and governance services that are delivered securely, efficiently, and in compliance with regulations.
Strategy to expand the network of high-quality digital asset services
Robert Mitchnick, Head of Digital Assets at BlackRock, emphasized the importance of selecting strategic partners amid the strong demand for crypto products from both retail and institutional investors.
“We are continually expanding our network of service providers with a focus on quality and operational standards. After a rigorous evaluation process, Anchorage Digital has clearly demonstrated its capabilities and is aligned with our long-term vision,” said Mitchnick.
Setting a new standard for digital asset storage and governance
For Anchorage, CEO Nathan McCauley said that the expanded partnership with BlackRock is not only an important milestone, but also opens a new standard for regulated crypto services.
“As BlackRock continues to bridge the worlds of traditional finance and digital assets, we are honored to be a partner in setting a new standard for access and storage of digital assets. Anchorage’s federally operated infrastructure is a key tool to serve the growing needs of global investors,” said McCauley.
Anchorage offers a comprehensive suite of security tools, including safe custody of digital assets against bankruptcy risk, offline private key storage, biometric authentication, and digital asset payment processing via a low-latency architecture.
Conclusion: A Big Boost for Institutional Crypto
The alliance between BlackRock and Anchorage Digital further strengthens the trend of legitimizing and expanding the digital asset ecosystem within the traditional financial sector. With this move, BlackRock demonstrates its serious commitment to providing transparent, secure, and well-regulated crypto investment products – a key requirement for attracting institutional capital to this promising sector.