Coinbase partnership with BlackRock

Build On Merlin
2 min readAug 5, 2022


Yesterday Coinbase announced a partnership with Blackrock, the world’s largest asset manager with $8.5 trillion in AUM. This thread breaks down why this is significant.

Source: Coinbase Blog

Coinbase Prime is Coinbase’s entry point for many institutions (over 13,000) for services include custody, brokerage, staking, trading and more. In short, granting institutions access to the many intricacies of crypto markets.

Aladdin, Blackrock’s institutional investment platform offers similar portfolio management services for its clients, serving 300+ other asset managers.

A partnership with Coinbase Prime allows these same clients to access digital assets transparently. @maxbranzburg Tweet

Why is this significant? Well, the biggest American crypto exchange is opening the doors very widely to institutional access, at a time where clarity over regulation, stablecoins and Ethereum’s transition to Proof-of-Stake is improving.

What’s next? This partnership is creating the potential to allow trillions of dollars of value into digital assets, spanning Bitcoin, Ethereum and DeFi-related products.

Merlin by VALK supports Coinbase wallet connections, as well as API integrations into the back-end.

Our DeFi portfolio tracker provides insitutional-grade analysis and reporting on positions across major protocols such as Aave, Uniswap, Compound and Lido Finance.

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