BlackRock to Test Blockchain for Custody Bank Partners

Announcements, Blockchain | October 12, 2017 By:

Global investment management firm BlackRock will be testing a blockchain platform for its custody bank partners. Dubbed Aladdin Provider, the platform uses a private blockchain to create more seamless processing between BlackRock and its custodians.

BlackRock chairman and CEO Larry Fink plans to expand the platform beyond BlackRock so that clients can use the platform once testing proves successful.