Blockchain has announced that they are launching an institutional investment platform named Blockchain Principal Strategies. The CEO and Co-Founder of Blockchain, Peter Smith, says “We are thrilled to debut Blockchain Principal Strategies, an institutional grade platform customized for institutions, family offices, and individual investors. BPS provides clients the opportunity to invest in digital assets with the same peace of mind and security that has become synonymous with the Blockchain name”.
Luxembourg-based Blockchain is the most widely used Bitcoin wallet service, and also a popular source for Bitcoin network statistics like hash rate and transaction frequency. Blockchain has been a big player in the Bitcoin field since the early days. Having launched in 2011, they have recently expanded into facilitating the buying and selling of Bitcoin, and now they are one of the first cryptocurrency companies to expand into Bitcoin institutional investment.
Blockchain Principal Strategies will offer an over the counter (OTC) trading desk for large cryptocurrency trades. Members of the Blockchain OTC team include people from major institutional investment firms Goldman Sacks, JP Morgan, and UBS, and will combine liquidity from across the cryptocurrency markets for optimal trades.
Additionally, Blockchain Principal Strategies will offer equity investments in cryptocurrency companies as well as early access to reputable initial coin offerings (ICOs). Cryptocurrency market research from the Blockchain research team will be built into the platform to help investors make informed decisions.
According to research by Willis Towers Watson, institutional investment funds control at least USD 131 trillion of assets. If even a small percentage of this is invested into Bitcoin and cryptocurrency it could cause a massive price rally, since the Bitcoin market cap is only USD 108 billion.
Several cryptocurrency experts have been saying that Bitcoin will experience a massive rally as institutional investors jump into the cryptocurrency market and that the creation of fully regulated cryptocurrency custodians has broken down the final barrier for institutional investment.
The launch of an institutional investment platform by Blockchain, one of the most reputable Bitcoin companies in the world, could be a harbinger that a big wave of institutional capital is about to be injected into the cryptocurrency markets. Blockchain says they will be rolling out additional institutional investment products throughout summer 2018.
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