Blockchain.com Joins Forces With Altis Partners To Launch Asset Management Platform

Blockchain.com Asset Management will provide trading infrastructure, research and security and software resources

article-image

Blockchain.com’s Charlie McGarraugh | Source: Blockchain.com

share

key takeaways

  • The platform will offer a Bitcoin Tracker, which will track bitcoin’s price versus USD, and the Bitcoin Smart Beta, a tool designed to reduce volatility and drawdowns
  • The launch of BCAM comes shortly after Blockchain.com closed a funding round of an undisclosed amount and raised its valuation to $14 billion

Cryptocurrency financial services company Blockchain.com has teamed up with veteran investment manager Altis Partners to launch an asset management platform, the companies announced Wednesday.

Blockchain.com Asset Management (BCAM) will provide asset management resources, crypto trading infrastructure, research and security software services to institutional investors, high networth individuals and family offices.

Through the partnership, Altis will manage investments and Blockchain.com will provide the research, security and software services and trading infrastructure.

“The advent of distributed ledger technologies and crypto assets has the potential to change the structure of global capital markets while presenting new opportunities for investors,” Blockchain.com Chief Strategy Officer Charles McGarraugh wrote in a blog post Wednesday. “We are pleased to offer our risk management and operational expertise in this exciting sector to an even broader range of clients.”

The platform will offer a Bitcoin Tracker, which will track bitcoin’s price versus USD, and the Bitcoin Smart Beta, a tool designed to reduce volatility and drawdowns, McGarraugh said.

The launch of BCAM comes shortly after Blockchain.com closed a funding round of an undisclosed amount and raised its valuation to $14 billion. The firm also recently acquired Altonomy, a Singapore-based over-the-counter trading and executions company, in order to expand institutional offerings.

“To make good on our mission to build a financial system for the internet that empowers anyone anywhere to control their money, we need to accelerate institutional adoption,” Blockchain.com said in a blog post at the time of the announcement. “I can’t wait to see what our teams accomplish together.”


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

recent research

Pyth Cover.jpg

Research

Pyth is a low latency pull-based oracle. In a future that looks increasingly high frequency, with various alt L1s and L2s that have significantly shorter block times than Ethereum, and an explosion of “high-frequency” protocols such as oracle or CLOB perp DEXs, Pyth’s low latency oracle product looks much better positioned to capture a significant amount of market share in comparison to competitors.

article-image

Can an ERC-20 token fix science? Coinbase’s Brian Armstrong hopes so

article-image

Roughly $65 billion worth of assets remain on Binance after the exchange agreed to pay, forfeit $4.3 billion Tuesday, Nansen data shows

article-image

The HTX exchange has been hit by a security breach, similar to the recent Poloniex hack

article-image

We have the answers for the usual barrage of questions stuffed with preconceived judgments about Web3, crypto and blockchain

article-image

NFT data will be integrated into CoinGecko APIs in second quarter of 2024, having bought Zash for an undisclosed sum

article-image

Binance and its former CEO have pleaded guilty to federal charges of over $4.3 billion