According to recent reports from COINOTAG, Eleanor Terrett, a prominent cryptocurrency journalist, announced that Anchorage Digital Bank N.A. has been appointed as an additional custodian for BlackRock’s funds. This development is particularly significant as it pertains to the management of funds that support spot crypto ETPs and other avenues for gaining exposure to digital assets. As of April 3, 2025, BlackRock stands as the preeminent issuer of spot crypto ETPs, overseeing assets totaling approximately $500 billion.
This strategic partnership enables BlackRock to leverage Anchorage’s extensive suite of services, which includes digital asset custody, staking, and settlement services, along with on-chain governance solutions. Such measures reflect an enhanced commitment to integrating crypto assets into traditional financial portfolios, offering institutional investors a pathway to diversifying their holdings in a rapidly evolving market.