CRYPTO - Institutional Investors

	A	B	C	D	E	F	G	H	I
1	Institutional Investor	Headquarters Location	Type of Investor	AUM in Crypto Assets	Notes on Crypto Assets	AUM in Digital Assets	Notes on Digital Assets	Footnoted Sources
2	Example	City, State OR City, Country	Note if the institutional investor is a classic, private equity, wealth, family office, or hedge fund.	Provide the total amount of assets under management in crypto assets (US$).	If no hard data is available, provide 2-3 sentences describing the company's stance on crypto assets (e.g. from press releases, news stories, annual reports)	Provide the total amount of assets under management in digital assets (US$).	If no hard data is available, provide 2-3 sentences describing the company's stance on digital assets (e.g. from press releases, news stories, annual reports)	[1] www.url.com

3	Blackrock	New York, USA[1]	Hedge fund[2]	n/a	Blackrock has formed a group to study the cryptocurrency and blockchain market. They are investigating if investment into those markets will be worth it for the company. So far, they still don't see their company offering cryptocurrency until they prove its legitimatecy. [3]	n/a	ujio	[1]https://www.bloomberg.com/research///stocks/private/snapshot.asp?privcapId=403413 [2] https://www.blackrock.com/corporate [3]https://cointelegraph.com/news/blackrock-ceo-crypto-etf-will-come-when-industry-is-legitimate [4]https://www.reuters.com/article/us-blackrock-cryptocurrency/blackrock-is-evaluating-cryptocurrencies-ceo-fink-says-idUSKBN1K61MC
4	Vanguard Asset Management	London, United Kingdom[1]	Hedge Fund[2]	n/a	Vanguard is eager to learn more about the blockchain technology. However, the company is still hesitant to enter the cryptocurrency world because they believe that "if something’s too good to be true, it probably is".[3][4]	n/a	Vanguard is already using a similar technology to blockchain but investing into cryptocurrency is still not a priority. Vanguard is still optimistic about the advancement in technology like bitcoins and its potential to grow to a formal digital business transaction system but the company is convinced that the opportunity still carries too many risks.	[1] https://hub.ipe.com/top-400/total-global-aum-table-2017/Vanguard-Asset-Management/415369.supplier [2] https://about.vanguard.com/who-we-are/ [3]https://www.vanguard.co.uk/adviser/adv/articles/research-commentary/vanguard-voices/bitcoin-digital-gold-or-fools-gold.jsp [4]https://markets.businessinsider.com/currencies/news/vanguard-cryptocurrencies-pose-an-idiosyncratic-risk-2018-1-1013228731	]
5	State Street Global Advisors	Massachusetts, USA[1]	Hedge Fund[2][5]	n/a[4]	The company is still in the process of weighing the pros and the cons for investing into cryptocurrency. However, they also want to be the first to offer digital currencies, like bitcoin, because of the growing demand from their clients. [4]	n/a[5]	The company continues to innovate their services through varuious digital strategies. [5] However, the market infrastructure, the lack of appropriate trading, and post-trading arrangements are some of the reasons that are stopping the company from investing in the digital currency market. [4]	[1] https://www.crunchbase.com/organization/state-street-global-advisors#section-overview [2] https://www.ssga.com/about-us/who-we-are/overview.html [3]https://www.reuters.com/finance/stocks/company-profile/STT.N [3]https://www.crunchbase.com/organization/state-street-global-advisors#section-overview [4]https://www.fnlondon.com/articles/state-street-eyes-a-move-into-bitcoin-custody-20180125 [5]https://www.fnlondon.com/articles/state-street-eyes-a-move-into-bitcoin-custody-20180125 [5]https://www.ssga.com/na/us/financial-advisors/en/products-strategies/strategies/alternative-investments.html
6	BNY Mellon Investment Management EMEA Limited	London, United Kingdom[1]	Hedge Fund[2]	n/a	While BNY Mellon has been reported to invest in the cryptocurrency market, it is also still evaluating the potential of cryptocurrency to determine if future investments would be beneficial to the company. The company was one of the first companies that brought blockchain to the financial industry. BNY is also leading the creation of the Enterprise Ethereum Alliance.[4]	$5.06M[3]	n/a	[1] https://hub.ipe.com/top-400/total-global-aum-table-2017/BNY-Mellon-Investment-Management-EMEA-Limited/414996.supplier [2]https://www.bnymellon.com/emea/en/what-we-do/solutions/alternative-investment-services-emea/hedge-funds-services.jsp [3]https://www.trustnetoffshore.com/Factsheets/Factsheet.aspx?fundCode=Q1FPY&univ=DC [4]https://www.bnymellonwealth.com/articles/strategy/bitcoin-blockchain-and-the-future-of-digital-currency.jsp
7	Capital Group	Los Angeles CA, USA[1]	Hedge Fund[2]	n/a	The Capital Group is still trying to establish the benefits that cryptocurrency would bring to their business. As such, they are not yet ready to invest into the development of a new cryptocurrency technology. [3]	n/a	Capital Group have reported that they were in the initial stages of their investigation into the potential of digital assets and the cryptocurrency market. Unfortunately, preliminary studies have shown that digital assets are progressing slowly because of the uncertainty created by the cryptocurrency market volatility, leaving an impression that the whole system is a fraud. [3]	[1] https://hub.ipe.com/top-400/total-global-aum-table-2017/Capital-Group/415016.supplier [2]https://www.crunchbase.com/organization/capital-group#section-overview [3]https://www.capitalgroup.com/pcs/latest-perspectives/bitcoin-and-cryptocurrencies.html
8	J.P Morgan Asset Management	New York, USA[1]	Hedge Fund [1]	n/a	In February, 2019, J.P Morgan announced that it would be launching its crypo asset section later the same month. Following the announcement, the head of the blockchain division at J.P Morgan cited the opportunities in cryptocurrencies as a new trend. [2]	n/a	Currently, J.P Morgan Asset Management does not have any digital assets under its management. With the launch of the the crypto assets division, the company will form a digital asset division even as it expects the so-called “JPM Coin.” [2]	[1] https://www.bloomberg.com/research//stocks/private/snapshot.asp?privcapId=1925133 [2] https://www.newsbtc.com/2019/02/15/analysis-heres-why-jp-morgan-is-launching-its-own-centralized-crypto-asset/
9	PIMCO	California, USA [1]	Hedge Fund [1]	n/a	According to PIMCO's market strategist and portfolio manager Tony Crescenzi, valuing cryptocurrencies is challenging as there is no intrinsic value to something like bitcoin. In an interview with Bloomberg Television, he said that he would choose bond over crypto assets. As such, there is no indication that the asset manager is planning on having a crypto assets division. [2]	n/a	PIMCO has not indicated that it is planning to have a digital assets division in the future. Even so, sentiments of Tony Crescenzi in a Bloomberg Television interview (market strategist and portfolio manager at PIMCO) point to lack of confidence in digital assets like bitcoin. [2]	[1] https://global.pimco.com/en-gbl [2] https://qz.com/1169209/bitcoins-share-of-the-crypto-universes-market-value-is-the-lowest-ever/
10	Amundi Asset Management	Paris, France [1]	Hedge Fund [1]	n/a	As a company, Amundi does not have any crypto assets under its management currently. Even so, a company, Tobam, in which Amundi has minority shares created Europe's first Bitcoin Fund for interested and qualified institutional investors interested in cryptocurrencies. It points to Amundi's possible support of crypto assets. [2]	n/a	Amundi has not made any stances on its plans to have a digital assets management division. However, the company has fully digitalized the Amundi Academy that has fully been digitalized. The now customizable training platform includes certification modules on asset allocation and fund selection. [4]	[1] http://about.amundi.com/Discover-Amundi [2] https://www.investmenteurope.net/investmenteurope/news/3703117/tobam-adds-cryptocurrency-offer-institutional-investors [3] https://www.ccn.com/french-asset-management-firm-launches-europes-first-bitcoin-mutual-fund [4] http://businessreport.amundi.com/accessible_EN/amundis-clients/interview-with-werner-kretschmer-interview-with.html
11	Prudential Financial, Inc	New Jersey, USA [1]	Hedge Fund [1]	n/a	According to a list of global companies involved in crypto projects, Prudential Financial is listed as one of such companies working behind the scenes. Currently, Prudential Financial is not directly involved in the projects, but is working in supports of such projects. The one of the company's executives Roshina Nandra, blockchain presents opportunities in secure record-keeping among other benefits. [2]	n/a	Prudential Financial, Inc is closely monitoring the digital assets space with major focus on bitcoin opportunities. In a report released by the company's global asset management arm (PGIM) on frontier technologies, the authors state that tokenization through the blockchain ledger technology has potential in the securitization of real estate assets as a single managerial unit. As such, Prudential Financials seem to be positive about the opportunities in digital asset management.	[1] http://www.investor.prudential.com/home/default.aspx [2] https://bitcoinexchangeguide.com/blockchain-lovers-heres-a-list-of-the-leading-global-companies-with-crypto-projects/#Prudential_Financial [3] http://www.pgimjp.com/outlook/pdf/2018/The_Technology_Frontier_E.pdf
12	Legal & General Investment Management	London, United Kingdom [1]	Hedge Fund [2]	N/A [4]	Legal & General Investment Management (LGIM) has no current plans to enter the cryptocurrency world due to reasons such as highly volatile value, operational and security failures, prone to market manipulation and liability gaps. [4]	N/A [4]	LGIM has started the "digital transformation" of their business by picking Bravura solutions as their technology provider. [5] However, Legal & General Investment Management (LGIM) does not have any plans to enter the digital asset market due to it's weaknesses and unresolved issues, like operational failures and security problems, that makes it hard to replace the current payment systems. [4]	[1] http://www.lgim.com/uk/en/contact/ [2] http://www.lgim.com/uk/en/about-us/our-business/ [3] https://www.legalandgeneralgroup.com/media/2273/2017-full-year-results.pdf [4] https://macromatters.lgim.com/categories/macrobites/bitcoin-the-rise-of-a-new-currency/ [5] https://www.ftadviser.com/investments/2018/06/25/lgim-picks-bravura-for-digital-transformation/ [6] https://www.internationalinvestment.net/internationalinvestment/news/3500075/helena-morrissey-joins-lgim-drive-digital-investment-platform
13	JP Morgan Security Services	New York, USA [1]	Hedge Fund [2]	N/A [4][5]	-Analysts from JP Morgan Chase, the parent company of JP Morgan Security Services, predicted that cryptocurrency will further sink and that its values are still unproven. [7] -PMorgan Chase doesn't have any crypto assets under management. In fact, CEO Jamie Dimon has been very vocal of his opinion and stance regarding bitcoin and cryptocurrency. He even called bitcoin and digital currencies a "fraud" in 2017. [5] -In spite of all that, they announced last February 2019 that they launched their very own centralized crypto asset called JPM Coin, making them the first US bank to do so. However, the JPM Coin will only be used internally to facilitate settlements between institutional clients of JPMorgan Chase. [4]	N/A [4][8]	-JPMorgan Chase doesn't have any digital assets under management but their official stance regarding cryptocurrency and digital assets is that they are supportive as long as the cryptocurrency assets are appropriately regulated and controlled. [8]	[1] https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=29001995 [2] https://www.jpmorgan.com/country/US/EN/solutions/cib/securities-services [3] https://forum.gipsyteam.ru/index.php?act=attach&type=post&id=566108 [4] https://www.apnews.com/c825ff29ee1f3f30fed40e629964043c [5] https://www.palmbeachgroup.com/palm-beach-daily/jpmorgans-new-bitcoin-bible-will-convert-wall-street-to-cryptos/ [6] https://www.forbes.com/sites/madhvimavadiya/2019/02/17/jp-morgans-cryptocurrency-jpm-coin-is-not-a-cryptocurrency/#6a22111a21d1 [7] https://cointelegraph.com/news/jp-morgan-analysts-bitcoin-price-could-sink-even-further-crypto-values-unproven [8] https://www.jpmorgan.com/global/news/digital-coin-payments
14	Goldman Sachs	New York, USA [1]	Hedge Fund [2]	N/A [7]	-Goldman Sachs currently don't have any assets under management in digital assets, but they recently started signing up clients for their crypto trading desk, which will aim to provide various digital asset products, due to increased client interests. However, they still cannot hold digital assets on client's behalf due to severe regulations. [7] -Goldman Sachs CEO Lloyd Blankfein recently declared his positive stance regarding cryptocurrency, stating that digital coins adoption like Bitcoin could possibly happen recently. [7]	N/A [6][7]	-Goldman Sachs currently doesn't have any assets under management in digital assets, but they recently started signing up clients for their crypto trading desk, which will aim to provide various digital asset products, due to increased client interests. However, they still cannot hold digital assets on client's behalf due to severely limited regulations. [7] -According to Mary Rich, Goldman Sachs Vice President of Investment Strategy Group, they consider blockchain technology as the infrastructure that allows dissemination of value. [6]	[1] https://www.crunchbase.com/organization/goldman-sachs [2] https://www.gsam.com/content/gsam/global/en/about-gsam/overview.html [3] https://www.ccn.com/goldman-sachs-headlines-59-million-funding-round-in-cryptocurrency-custodian-bitgo [4] https://xbt.net/blog/goldman-sachs-and-galaxy-digital-invest-15m-in-bitgos-59m-series-b/ [5] https://www.investinblockchain.com/goldman-sachs-bitcoin-trading-desk/ [6] https://www.gsam.com/content/gsam/us/en/institutions/market-insights/gsam-insights/2018/cryptos_uncertainty_blockchains_rise.html [7] https://cointelegraph.com/news/goldman-sachs-exploring-crypto-derivatives-says-coo
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