Blockchain.com Joins Altis To Launch Asset Management Platform

Cryptocurrency financial services company Blockchain.com has teamed up with veteran investment manager Altis Partners to launch an asset management platform, the companies announced Wednesday.

Blockchain.com Asset Management (BCAM) will provide asset management resources, crypto trading infrastructure, research and security software services to institutional investors, high networth individuals and family offices.

Through the partnership, Altis will manage investments and Blockchain.com will provide the research, security and software services and trading infrastructure.

“The advent of distributed ledger technologies and crypto assets has the potential to change the structure of global capital markets while presenting new opportunities for investors,” Blockchain.com Chief Strategy Officer Charles McGarraugh wrote in a blog post Wednesday. “We are pleased to offer our risk management and operational expertise in this exciting sector to an even broader range of clients.”

The platform will offer a Bitcoin Tracker, which will track bitcoin’s price versus USD, and the Bitcoin Smart Beta, a tool designed to reduce volatility and drawdowns, McGarraugh said.

The launch of BCAM comes shortly after Blockchain.com closed a funding round of an undisclosed amount and raised its valuation to $14 billion. The firm also recently acquired Altonomy, a Singapore-based over-the-counter trading and executions company, in order to expand institutional offerings.

“To make good on our mission to build a financial system for the internet that empowers anyone anywhere to control their money, we need to accelerate institutional adoption,” Blockchain.com said in a blog post at the time of the announcement. “I can’t wait to see what our teams accomplish together.”

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