Trillion-Dollar Asset Manager Opens Financial Services for Bitcoin, Ethereum and Crypto Hedge Funds

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Northern Trust, a traditional financial institution that was founded in 1889, is piloting new cryptocurrency programs to expand its services. Forbes reports that the company’s expansion into blockchain will involve three “mainstream hedge funds.”
Hedge fund clients that are betting on Bitcoin and Ethereum will be able to use new financial services being developed by Northern Trust to help value and record cryptocurrency investments.
The Chicago-based company is one of the largest banks in the US. It has nearly $10.7 trillion in assets under management, and reportedly represents nearly 20% of the wealthiest families in the US. Its services are managed through a network of 85 US offices across 19 states, Washington, D.C. and 23 international locations, including Canada, Europe, the Middle East and Asia.

https://dailyhodl.com/2018/07/31/trillion-dollar-asset-manager-opens-financial-services-for-bitcoin-ethereum-and-crypto-hedge-funds/

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