By Nathan Ferguson
A crypto exchange as well as financial services company, Blockchain.com, has nominated Standard Custody & Trust Company to be its custodian as well as the new organizational venue of Altis Partner named BCAM (Blockchain.com Asset Management). On 6th April, a package of organizational investment solutions was released by Blockchain.com to combine infrastructure for crypto trading, research, as well as security software facilities of Blockchain.com in collaboration with Altis Partners (an investment company).
As per the declaration of Thursday, Standard Custody’s facility is insured, regulated, and run on the behalf of a group of professionals from the financial and crypto services industry. The chief investment officer at Altis Partners stated that the emergence of crypto assets and distributed ledger technologies can transform the system of worldwide capital markets as well as financial services while providing unique chances for investors.
Organizational engagement with the industry of cryptocurrency has mounted substantially during the previous years, indicating a drastic alteration in the point of view of the organizational investors regarding digital assets. This whole scenario points toward remarkable future advancements.
After the introduction of BTC (Bitcoin) futures in 2017’s December, the industry of cryptocurrency has witnessed a rapid increase in the operations of trading venues dealing with the safe custody solutions, as well as unique product offerings like exchange-traded funds (ETFs), micro futures, as well as the other exchange-traded goods. The spread of crypto custody keeps on advancing with more and more organizational investors pursuing exposure to ETH (Ether), BTC (Bitcoin), and DeFi (decentralized finance).
In the previous week, MetaMask (a browser extension and DeFi wallet) partnered up with Parfin, GK8, Hex Trust, and Gnosis Safe (the four prominent crypto custodians for an expansion in its organizational offering. EQONEX Group, Microstrategy, and Coinbase are counted to be among the only companies that are actively involved in persuading the organizational investors to have involvement in the market of cryptocurrency.
As a considerable amount of organizational wealth is being a part of the crypto world, several openly listed firms with a straight crypto exposure have entered the scene as a worthwhile point to entry for conventional investors. Blockchain.com counts to be among the largest crypto exchanges across the globe touching a valuation of nearly $14B in last month’s Series D funding round. The respective funding round was run on the behalf of Lightspeed Venture Partners and Baillie Gifford was its major participant.