Blackrock is turbocharging its crypto strategy by tapping Anchorage Digital’s federally regulated infrastructure to power secure custody, staking, settlement, and on-chain governance at scale.
Blackrock Deploys Anchorage Digital to Scale Secure Infrastructure for Crypto Funds
Anchorage Digital announced on April 8 that it has been selected as the newest digital asset service provider for Blackrock, marking a significant expansion of its existing relationship with the world’s largest asset manager. The announcement comes as demand for digital asset custody continues to surge among both institutional and retail investors. The announcement details:
Blackrock now gains access to digital asset custody, staking, settlement, and on-chain governance from Anchorage Digital Bank, the only U.S. federally chartered bank in crypto.
Blackrock added Anchorage as a new custodian for its spot cryptocurrency exchange-traded products (ETPs) and additional crypto-related investment vehicles. This integration follows a formal assessment of Anchorage’s capabilities.
Commenting on the partnership, Blackrock’s Head of Digital Assets, Robert Mitchnick, explained:
As demand for digital asset products increases, and as our footprint in the ecosystem grows, we continue to expand our network of service providers with a focus on the highest quality institutional providers.
“After a thorough evaluation, Anchorage Digital clearly meets these standards, and we are excited to be expanding our network of eligible digital asset service providers with the addition of Anchorage Digital,” the executive added.
The partnership broadens Anchorage Digital’s role beyond its current support of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL), now extending to encompass digital asset custody, staking, settlement, and on-chain governance services.
Nathan McCauley, Anchorage Digital’s CEO and co-founder, emphasized the broader implications: “As Blackrock continues to bridge digital assets and traditional finance, we are excited by the opportunity to set a new standard for tailored access to the digital asset class. By providing federally regulated crypto infrastructure, we are helping Blackrock to meet client demand for today and tomorrow. We are proud to build toward a world where every investor can get exposure to digital assets.” Anchorage Digital Bank offers regulated services such as bankruptcy-remote custody, offline private key storage, biometric authentication, and efficient digital asset settlement via low-latency architecture. The strengthened alliance positions both companies to respond to escalating investor interest in regulated crypto solutions.
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