BlockFi and Neuberger Berman Will Launch Institutional Crypto-related Products

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Landing platform BlockFi has joined forces with investment firm Neuberger Berman to develop a line of digital asset management products and strategies.

Company officials have said:

“BlockFi and Neuberger Berman are jointly planning to launch crypto asset management products, including ETFs and other traditional instruments.”

Neuberger Berman is a privately-held investment management firm established in 1939. The New York-based firm manages equities, fixed income instruments and other financial products targeted at large investors.

The volume of assets under the management (AUM) of Neuberger Berman exceeds $400 billion.

In August, Neuberger Berman announced the launch of Bitcoin and Ethereum-based products, including futures, trust securities and ETFs. In the same month, it was known a commodity fund managed by an investment company invests up to 5% of its assets in Bitcoin futures and shares of funds based on the leading crypto.