Crypto exchange and financial services entity Blockchain.com has reportedly selected Standard Custody & Trust Company to take care of its and Blockchain.com Asset Management (BCAM)’s custodial works. 

Specifically, On April 6, Blockchain.com reportedly rolled out a suite of institutional investment offerings, which aims to put the crypto trading infrastructure, research and security software services of Blockchain.com together, via an alliance forged with investment management firm Altis Partners.

Standard Custody’s service is reportedly regulated, insured and spearheaded by a team of professionals from the crypto and financial services sector.

“The advent of distributed ledger technologies and crypto assets has the potential to change the structure of financial services and global capital markets while presenting new opportunities for investors.” Charles McGarraugh, Altis Partners’ chief investment officer, further remarked. 

Institutional involvement in the crypto sphere has reportedly witnessed a considerate incline throughout the past years, signaling a significant shift regarding the traditional investors treat digital assets. 

Since the introduction of Bitcoin (BTC) futures in December five years ago, the crypto sphere has reportedly offered institutional onramps to trading platforms, secure custody solutions and different new product services, nominally exchange-traded products, micro futures and now exchange-traded funds.

The scope of crypto custody keeps on widening with an increasing number of institutional investors share an interest of gaining extra exposure to Bitcoin, Ether (ETH) and decentralized finance (DeFi). 

In April this year, decentralized finance wallet and browser extension MetaMask reportedly forged alliances with four high-profile crypto custodians to widen the scope of its institutional offering: Gnosis Safe, Hex Trust, GK8 and Parfin.