Blockchain.com Teams With Altis Partners on Asset Management Platform

The exchange was valued at $14 billion in a funding round closed last week.

AccessTimeIconApr 6, 2022 at 1:07 p.m. UTC
Updated Apr 6, 2022 at 2:39 p.m. UTC

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

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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Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

CoinDesk - Unknown

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.