BlackRock Secures UK FCA Crypto Registration
BlackRock managed to land on the Financial Conduct Authority’s tough crypto register on Tuesday, the regulators website showed.
The world’s biggest asset manager will be allowed to act as an arranger for iShares Digital Assets AG, which issue Exchange Traded Products (ETPs) — a financial instrument that is pegged an underlying asset, in this case a crypto asset.
Registration on the U.K.’s crypto register is not an easy feat. The FCA’s crypto register was set up in 2020 to ensure that crypto firms wishing to serve U.K. clients could only do so after they had registered to comply with the country’s anti-money laundering rules. The U.K. has received 368 applications but only 51 firms have been approved.
As an arranger, BlackRock will be…
