Anchorage Digital, the U.S. federally chartered digital asset bank, is announcing that it has deepened its relationship with BlackRock to provide digital asset custody in order to meet growing digital asset demand from retail and institutional clients.
Anchorage Digital Bank N.A. is being named “an additional custodian eligible to support spot crypto ETPs and other BlackRock funds providing exposure to crypto.”
BlackRock is the largest issuer of “spot crypto ETPs in the world, with $50B in AUM, as of April 3, 2025.”
Nathan McCauley, CEO and Co-Founder of Anchorage Digital said:
“As BlackRock continues to bridge digital assets and traditional finance, we are excited by the opportunity to set a new standard for tailored access to the digital asset class. By providing federally regulated crypto infrastructure, we are helping BlackRock to meet client demand for today and tomorrow. We are proud to build toward a world where every investor can get exposure to digital assets.”
Robert Mitchnick, Head of Digital Assets at BlackRock said:
“As demand for digital asset products increases, and as our footprint in the ecosystem grows, we continue to expand our network of service providers with a focus on the highest quality institutional providers. After a thorough evaluation, Anchorage Digital clearly meets these standards, and we are excited to be expanding our network of eligible digital asset service providers with the addition of Anchorage Digital.”
As a top crypto partner of choice for asset managers, Anchorage Digital Bank provides “bankruptcy-remote custody and is legally required to segregate client assets from one another, and from firm funds.”
In addition to using biometric authentication and mitigating the risk of human error, our technical advantages include “offline storage of private keys, and efficient settlement of digital assets through our low-latency architecture.”
Anchorage Digital Bank is expanding its relationship with BlackRock, where it currently “supports the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to include digital asset custody.”
After a due diligence process, BlackRock has selected Anchorage Digital Bank as an additional custodian to “support its crypto capabilities.”
BlackRock now gains access to digital asset custody, staking, settlement, and on-chain governance “from Anchorage Digital Bank, the only U.S. federally chartered bank in crypto.”
Looking ahead, the relationship will lay the groundwork “for deeper collaboration between BlackRock and Anchorage Digital in response to rising client demand for digital assets.”