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Blackrock crypto custody is now entering a new phase as the world’s largest asset manager has recently partnered with Anchorage Digital. This collaboration, which was actually announced on April 8, aims to address the rising demand for digital asset custody from both retail and also institutional investors. Right now, BlackRock manages over $47 billion in crypto holdings, including Bitcoin and Ether, and this move definitely strengthens institutional crypto adoption as well as secure cryptocurrency storage options in the current market. Also Read: Chainlink (LINK) Vs. TRON (TRX): Which Is Better For This Dip? Navigating Digital Asset Security: How BlackRock’s New Custody Solution Works Source: anchorage.com Anchorage Digital, which happens to be the only federally chartered crypto bank in the US at the time of writing, will provide BlackRock with various comprehensive digital asset custody services. Beyond just the basic custody options, Anchorage also offers additional stak...

On Wednesday, May 17, Ripple revealed that it has acquired Metaco, a Swiss custody firm that holds digital assets like crypto for clients. With this acquisition, the company intends to expand its international presence and widen its service range. Ripple has invested around $250 million from its own balance sheet to complete the arrangement. Ripple CEO, Brad Garlinghouse told CNBC, “This is the largest deal we’ve seen in the last year.” Garlinghouse also took Twitter to welcome Metaco and its executive Adrien Treccani on board. Via this acquisition, Ripple has now expanded into the custody sector. The blockchain company will now be able to support customers with technology that will help them send, settle, and issue any type of tokenized asset. Garlinghouse labeled this to be “massive” and added in the official statement, “Through the strength of our balance sheet and financial position, Ripple will continue pressing our advantage in the areas critical to crypto infrastru...