BlockFi to Develop Crypto Asset Management Products With Neuberger Berman
The new products will be housed in a separate entity called BlockFi nb.
Oct 25, 2021 at 2:10 p.m. UTCUpdated May 11, 2023 at 7:06 p.m. UTC
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Crypto lender BlockFi has partnered with private investment manager Neuberger Berman to develop new crypto asset management products.
- The new products will be housed in a separate entity called BlockFi nb, according to an announcement Monday.
- BlockFi nb said exchange-traded funds (ETFs) are likely to be among the products it develops.
- “We think this combination will help us to improve on products currently in the market so that we can give investors cost-effective and convenient access to the performance of digital assets from their brokerage accounts,” Greg Collett, president of the new entity, said.
- Neuberger Berman – a $400 billion asset manager – recently tweaked the strategy of its $164 million commodities fund, allowing up to 5% of its assets to be held in bitcoin futures and funds.
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Jamie Crawley is a CoinDesk news reporter based in London.