The giant BlackRock converts to cryptos and breathes new life into Coinbase

“Bitcoin just illustrates how much demand there is, across the world, for money laundering. Nothing more.” These words spoken five years ago by the President and CEO of BlackRock, Larry Fink, seem very distant today. A few days ago, the boss of the largest asset manager on the planet ($8.5 trillion) confirmed his transformation into a supporter of greater adoption of cryptocurrencies. It announced the launch of a new offer for institutional investors, in partnership with Coinbase, the leading crypto platform in the United States. “There is an increasingly pressing demand from our customers for these virtual currencies. With the aim of being able to effectively manage their operational life cycle”, justified the asset manager.

Concretely, bankers, treasurers, venture capital funds and other BlackRock clients will now be able to use its Aladdin portfolio management system…