Help
BlockFi is set to launch a series of crypto asset management products and strategies
Crypto lender BlockFi partners with Neuberger Berman
BlockFi, a crypto-financial services company, announced earlier today that it had partnered with Neuberger Berman, a private, independent, employee-owned investment manager. The partnership will see BlockFi develop and distribute a series of crypto asset management products and strategies.
According to the press release, the products and strategies will be housed in a separate entity called BlockFi nb LLC. BlockFi said it is exploring the possibility of launching exchange-traded funds (ETFs).
Greg Collett, President of BlockFi nb, said,
BlockFi | nb combines the crypto expertise of BlockFi with the institutional rigor of Neuberger Berman. We think this combination will help us to improve on products currently in the market so that we can give investors cost-effective and convenient access to the performance of digital assets from their brokerage accounts.
According to the BlockFi executives, there is a significant shift in investor sentiment towards digital assets. As a result, digital assets should be considered in modern portfolios.
Neuberger Berman is already involved in the crypto space
Neuberger Berman, a $400 billion asset manager, is already actively involved in the cryptocurrency space. In August, the asset manager said it would invest as much as 5% of its assets in Bitcoin futures and funds. The investment manager also told the US SEC that it is adding Bitcoin and Ether to its fund strategy.
BlockFi continues to grow despite its recent troubles with regulators in the United States. In July, the New Jersey Bureau of Securities had issued a cease-and-desist order against centralized crypto-lending firm BlockFi. The regulator accused BlockFi of offering unregistered securities to its customers.
Post a Comment