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BlockFi and Neuberger Berman to launch institutional crypto-based products

BlockFi and Neuberger Berman to launch institutional crypto-based products

BlockFi’s lending platform has partnered with the investment firm Neuberger Berman to develop a range of products and strategies for managing digital assets.

\”BlockFi and Neuberger Berman, in a joint effort, plan to launch crypto-asset management products, including ETFs and other traditional instruments,\” said representatives of the companies.

Neuberger Berman is a private investment-management firm founded in 1939. Based in New York, the firm manages equities, fixed-income instruments, and other financial products aimed at institutional investors.

Assets under management at Neuberger Berman превышает $400 млрд.

In August, Neuberger Berman announced the launch of Bitcoin- and Ethereum-based products, including futures, trust securities and ETFs. In the same month, it was revealed that the commodity fund managed by the investment company invests up to 5% of its assets in Bitcoin futures and ETF shares based on the first cryptocurrency.

Earlier BlockFi filed to launch a Bitcoin futures ETF traded on the Chicago Mercantile Exchange (CME).

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