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BlackRock Secures UK FCA Crypto Registration
The world's biggest asset manager will be allowed to act as an arranger for iShares Digital Assets AG, who issue Exchange Traded Products.
Updated Apr 2, 2025, 2:55 p.m. Published Apr 2, 2025, 10:56 a.m.
What to know:
- BlackRock managed to land on the Financial Conduct Authority's tough crypto register on Tuesday.
- The U.K. has received 368 applications for its crypto register but only 51 firms have made it.
BlackRock managed to land on the Financial Conduct Authority's tough crypto register on Tuesday, the regulators website showed.
The world's biggest asset manager will be allowed to act as an arranger for iShares Digital Assets AG, which issue Exchange Traded Products (ETPs) — a financial instrument that is pegged an underlying asset, in this case a crypto asset.
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Registration on the U.K.'s crypto register is not an easy feat. The FCA's crypto register was set up in 2020 to ensure that crypto firms wishing to serve U.K. clients could only do so after they had registered to comply with the country's anti-money laundering rules. The U.K. has received 368 applications but only 51 firms have been approved.
As an arranger, BlackRock will be able to "arrange the execution of transactions in cryptoassets to support ETP subscriptions and redemptions" between issuers and authorized participants but it will not be able to onboard any new customers.
Also, it will not be able to operate a machine that "utilizes automated processes to exchange cryptoassets for money" vice versa - without written consent from the regulator.
BlackRock joins the likes of crypto exchange Coinbase who recently managed to get on the register this year, though a new crypto regime awaits.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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