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BlackRock Selects Anchorage Digital as Qualified Custodian Amid Growing Demand

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Key Takeaways:

  • Anchorage Digital Bank will now provide digital asset custody for BlackRock’s crypto offerings.
  • BlackRock selected Anchorage after a rigorous evaluation process for its secure, federally regulated crypto infrastructure.
  • The partnership sets the stage for expanded collaboration to meet surging demand for crypto investment products.

Anchorage Digital Bank, the sole US federally chartered digital asset bank, has broadened its partnership with BlackRock in facilitating digital asset custodianship for the asset manager’s crypto-focused funds.

This strategic partnership is an indicator of the increasing inclusion of digital assets in conventional portfolios, as retail as well as institutional investors increasingly seek out this asset class due to increasing interest in it.

As of April 3, 2025, BlackRock is still the global leading issuer of spot cryptocurrency exchange-traded products (ETPs), with about $50 billion in assets under management.

Anchorage Digital Bank has been officially recognized as an additional qualified custodian for BlackRock’s spot crypto ETPs and other funds that offer exposure to digital assets in response to this growth.

The company offers custody solutions such as offline storage of private keys, biometric authentication, and low-latency settlement of transactions, presenting considerable protection from operational risk.

BlackRock Commitment to High-Quality Custody Solutions

It is also federally regulated, ensuring that clients’ assets are separate from one another and from corporate assets held within the company itself, an additional measure for investor assurance.

Expanding the custody relationship is in line with its overall approach to building out its footprint in the digital asset space via partnerships with top-quality service providers.

Anchorage already hosts the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), and this expansion into broader digital asset custody cements its position as an asset manager’s top choice for crypto banking partners.

Robert Mitchnick, BlackRock’s Head of Digital Assets, has noted the company’s focus on continuously refining its digital asset platform through working with providers of high-quality, scalable, and secure solutions.

BlackRock Expands Anchorage Partnership

Anchorage fit the bill with the synergy between technological advance and federal regulation, increasingly an uncommon combination in the fast-changing world of crypto custodianship.

Digital assets analyst Caroline Brenner pointed out BlackRock’s decision to expand its dependence on Anchorage as evidence of increasing demand among top asset managers for federally chartered custodians over unregulated or foreign options.

She opines that this is in line with long-term plans for aligning crypto products with conventional compliance regimes while ensuring business continuity.

However, the THERE partnership does not end at custody. In the future, the partnership will support other functions like staking, on-chain governance, and settlement of assets.

These are functions that will be important as BlackRock continues launching diversified crypto investment products for a wider range of investors.

Related Reading | Ripple Brings Wall Street to XRPL With Hidden Road Acquisition

Cantor Fitzgerald Partners with Anchorage Digital, Copper to Launch $2B Bitcoin Financing Service

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  • Cantor Fitzgerald launches $2B Bitcoin financing, partnering with Anchorage Digital and Copper.
  • Anchorage Digital and Copper to manage custodial and collateral services for Bitcoin.
  • Institutional investors gain leverage on Bitcoin holdings through Cantor Fitzgerald’s new service.

Cantor Fitzgerald, a prominent investment banking firm has partnered with Anchorage Digital and Copper.co to establish a global Bitcoin financing operation for its clientele. Through this program institutional investors can borrow against their crypto assets by utilizing the Bitcoin they hold. Using security architectures established by Anchorage Digital and Copper, the firm aims to protect digital assets belonging to its clients at high security and reliability standards.

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Source; Copper.co

Bitcoin Financing to Institutional Investors

The Bitcoin financing platform provides secure leverage options for institutional investors who want to increase the value of their digital asset portfolios through their holdings. Cantor Fitzgerald will launch the business with an initial financing pool of $2 billion and expects substantial growth in the future. Michael Cunningham, Head of Bitcoin Financing at Cantor Fitzgerald, emphasized that the partnership with Anchorage Digital and Copper will enable them to offer industry-leading custodial and collateral management services.

Institutional Bitcoin adoption continues to grow despite market turbulence. Digital assets within traditional financial sectors are gaining acceptance, driven by the potential for portfolio diversification. Institutional investors will obtain an advanced, secure Bitcoin management solution through the partnership between Anchorage Digital and Copper the only federally chartered digital asset bank in the U.S.

Role of Anchorage Digital and Copper in the Partnership

The partnership depends heavily on Anchorage Digital to provide its institutional-grade custodial services for digital assets. As part of its operations, Anchorage Digital Bank is the first federally chartered cryptocurrency bank in the U.S. The firm provides services like custody, staking, trading, governance and settlement to support the Bitcoin financing business at Cantor Fitzgerald.

Nathan McCauley, CEO and Co-Founder of Anchorage Digital, described how their security standards match Cantor Fitzgerald’s security requirements to protect their digital assets. “Cantor Fitzgerald and Anchorage Digital share a track record of integrating Bitcoin into the world of traditional finance,” said Nathan McCauley.

Copper, a digital asset infrastructure company, provides organizations with a complete suite of services for digital asset custody and collateral management. ClearLoop infrastructure from the firm specifically addresses client risk reduction and enhances operational efficiency. Through its services, Copper enables Cantor Fitzgerald to maintain Bitcoin financing operations at the top security levels which allows institutional investors to control their Bitcoin holdings and loans efficiently. The collaboration represents an essential advancement for Bitcoin to merge with conventional financial systems.