Daniel Walker
Anchorage Digital has been chosen by BlackRock to support digital asset custody services for its growing suite of spot crypto ETFs, according to an official statement released Tuesday. This partnership marks a significant step in the increasing convergence between traditional finance and the digital asset ecosystem.
Robert Mitchnick, BlackRock’s Head of Digital Assets, emphasized the need for top-tier infrastructure to meet rising interest in crypto-based investment vehicles.
โAs we expand our presence in the digital asset space, identifying world-class partners is essential,โ Mitchnick said. โFollowing a comprehensive evaluation, Anchorage Digital stood out for its institutional-grade standards and regulatory compliance.โ
BlackRockโs Spot Bitcoin ETF Leads the Market
BlackRock is currently the issuer of the worldโs largest spot Bitcoin ETF, trading under the ticker IBIT, which has amassed around $44 billion in assets under management, as reported by PRIMEโs Data Dashboard. The firm also manages a spot Ethereum ETF, further cementing its leadership in regulated crypto investment products.
In addition to Anchorage Digital, BlackRock continues to rely on Coinbase for custody solutions, creating a diversified and secure custody framework.
The collaboration with BlackRock adds to Anchorage Digitalโs growing reputation as a preferred partner for institutions entering the crypto space.
โOur federally regulated platform enables us to deliver secure and compliant crypto custody solutions,โ said Nathan McCauley, CEO and co-founder of Anchorage Digital. โWorking with BlackRock allows us to meet evolving client demand across digital asset markets.โ
Regulatory Milestones Open Doors for Anchorage Expansion
Anchorage has seen increasing momentum in recent months. In March, Cantor Fitzgerald selected the firm for digital asset custody services. In October, a subsidiary of Anchorage received a BitLicense from the New York State Department of Financial Services (NYDFS) โ granting the company permission to offer secure crypto services to institutional clients in New York.
This regulatory approval positions Anchorage to work closely with registered investment advisors (RIAs), hedge funds, and asset managers seeking compliant access to digital assets.
