BlockFi has partnered with private investment manager Neuberger Berman to develop crypto-asset products.
According to the announcement, the products will be located in a separate entity named “BlockFi nb”.
BlockFi nb stated that ETFs may also be among the products developed.
Greg Collett, president of the new entity, said:
Neuberger Berman, who made a name for himself as a $400 billion asset manager, changed the strategy of the $16 million commodity fund, allowing up to 5% of the assets to be held in Bitcoin funds.