BlockFi to Develop Crypto Asset Management Products With Neuberger Berman

Crypto lender BlockFi has partnered with private investment manager Neuberger Berman to develop new crypto asset management products.

  • The new products will be housed in a separate entity called BlockFi nb, according to an announcement Monday.
  • BlockFi nb said exchange-traded funds (ETFs) are likely to be among the products it develops.
  • “We think this combination will help us to improve on products currently in the market so that we can give investors cost-effective and convenient access to the performance of digital assets from their brokerage accounts,” Greg Collett, president of the new entity, said.
  • Neuberger Berman – a $400 billion asset manager – recently tweaked the strategy of its $164 million commodities fund, allowing up to 5% of its assets to be held in bitcoin futures and funds.

Read more: BlockFi CEO Wants SEC to Weigh In on Crypto Lending

Source: https://www.coindesk.com/business/2021/10/25/blockfi-to-develop-crypto-asset-management-products-with-neuberger-berman/

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.