Crypto brokerage Blockchain.com on Wednesday launched an asset management service aimed at institutional and high net worth investors.
- The crypto asset management platform is named Blockchain.com Asset Management (BCAM), and was created in partnership with Altis Partners, which will manage BCAM’s investments, according to an announcement posted on Medium.
- “BCAM combines the very best of old world financial markets with the new world of crypto,” said Blockchain.com Chief Strategy Officer Charles McGarraugh in the announcement. He will also lead the platform as Altis’ chief investment officer. “The advent of distributed ledger technologies and crypto assets has the potential to change the structure of financial services and global capital markets while presenting new opportunities for investors,” he noted.
- Among BCAM’s initial offerings is Bitcoin Tracker, which will track bitcoin (BTC) priced in dollars, and Bitcoin Smart Beta, which uses “algorithm-based” management to help flatten volatility and drawdowns.
- Blockchain.com last week closed a funding round led by Lightspeed Venture Partners that valued the company at $14 billion.
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