Asset manager BlackRock has partnered with Anchorage Digital to provide cryptocurrency custody services.
As announced on April 8, BlackRock, the world's largest investment firm, manages $11.6 trillion in assets.
It is also a leading provider of crypto exchange-traded products (ETPs), with $45.3 billion in Bitcoin and $1.7 billion in Ether, according to Arkham data.
Anchorage, the only US crypto bank licensed by the federal government, will offer BlackRock not only custodial services, but also access to digital asset settlement.
Anchorage currently supports BlackRock's BUIDL fund, a $2 billion tokenized fund backed by US Treasuries and focused on real-world assets.