The largest investment company BlackRock plans to launch a cryptocurrency trading service.
The New York-based company, which has more than $10 trillion under management, plans to enter the cryptocurrency space and begin "supporting trading of crypto assets." Clients will also be able to borrow from BlackRock using cryptocurrencies as collateral.
BlackRock will allow its clients, including government pension plans and nonprofit funds, to trade cryptocurrencies through an integrated investment management platform. The timing of the launch of the service is still unclear.
BlackRock has not yet made official comments, but according to insider information, a working group of 20 specialists has already been formed within BlackRock to work with crypto-assets, smart contracts and distributed registry.
BlackRock also owns a 16.3% stake in MicroStrategy, the largest corporate holder of military-technical cooperation.
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