Crypto Wallet Provider Blockchain Launches Platform Tailored for Institutional Investors

Omar Faridi
  • Blockchain Principal Strategies (BPS), a product designed specifically to facilitate institutional investors, has been launched by Blockchain, the “all-in-one” crypto firm.
  • Renowned economist Garrick Hileman will be in charge of BPS’s research department and will help the company offer professional trading and investment advice to clients.

Blockchain, the company that created the popular Blockchain.info wallet, recently announced the launch of a “comprehensive institutional platform” called Blockchain Principal Strategies (BPS).

The company noted in a blog post that BPS will offer family offices, investors, and organizations an easy and effective way to obtain research information on the cryptocurrency market. The proprietary solution will also reportedly provide clients “exposure to the growing digital asset ecosystem” by helping them securely manage, acquire, and evaluate digital assets.

Blockchain CEO Peter Smith stated that:

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.

Peter Smith

 The company’s blog post mentions that with BPS, investors will be able to use an over-the-counter (OTC) trading platform that provides a “white-glove trading service.” Notably, the cryptocurrency startup has put together a team of professionals who’ve worked with financial institutions like Goldman Sachs, UBS, and JPMorgan.

An OTC Trading Desk

The crypto wallet provider’s proprietary OTC platform, available at bps.blockchain.com,  will feature a matchmaker and serve as a “direct counterparty” for traders, which would help mitigate trading risks and allow for smooth trades.

Through BPS, the established company will help institutional investors trade “across major currencies and digital asset pairs.” This, Blockchain says, will be facilitated by a smart Order Management System (OMS), which will leverage liquidity for optimal trade execution.

Other notable features that BPS will provide include a customizable portfolio manager and interface, “exclusive insights,” risk assessment tools, and professional investment and trading advice from the company’s experienced researchers.

Among these researchers is one of the UK’s and Ireland’s well-known economists Garrick Hileman, who was recently hired to oversee the company’s research department. Sales and Strategy Head at Blockchain, Breanne Madigan stated:

I joined Blockchain to help modernize the financial system, and launching BPS is the first step in our longer term strategy to execute on that vision. In addition to the BPS platform itself, we will also offer educational and networking opportunities with hopes of creating a broader, well-informed community around digital currencies moving forward.

Breanne Madigan

Blockchain’s users will be able to access a number of “managed investment offerings” through BPS such as making “direct equity investments” in legitimate crypto and blockchain related companies. Moreover, BPS users will be informed about “early stage token offerings” that will reportedly be vetted by the company’s research team.

Grayscale Study: 43% of Investors Interested in Bitcoin are Women

  • A study published by crypto investment firm Grayscale shows 43% of investors interested in bitcoin are female.
  • Men and women hold similar perceptions on the potential and future of cryptoassets.

A new study by Grayscale suggests that the industry of bitcoin and crypto may not be as male-dominated as previously believed. 

According to a report published by the crypto investment firm Grayscale, 43% of investors interested in bitcoin are women. The study involved 1,100 U.S.-based participants between the ages of 25 and 64 currently active in personal investing with at least $10,000 in investible assets and a $50,000 household income. 

The survey found that women and men share “similar perceptions” on bitcoin, particularly in the investment age range of 25 - 54. While many of the qualities of bitcoin resonate with both men and women, the study found the two groups invest differently. 

According to the report "women are generally less optimistic about investments and more risk-averse.” Almost identical percentages of men and women (56.4% vs 56.2%) see significant growth opportunities in digital assets, with 49.8% of women and 49.9% of men commenting that bitcoin’s finite supply will drive demand price higher. 

Women also commented that more education on crypto-assets would lead to a greater interest, More women than men indicated that they lack familiarity with Bitcoin (76% vs. 52%) and significantly, an overwhelming majority of female investors (93%) indicated that they could be more open to the asset class if they had more educational resources available to them.

After finding 43 percent of those interested in bitcoin to be female, Grayscale concluded,

Bitcoin conversations tend to focus on a predominantly male investor audience, and yet data indicates women have a healthy interest in Bitcoin as well.

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