Blackrock managed to land on the Financial Conduct Authority’s Tough Crypto Register on Tuesday, the regulators showed the site.

The world’s largest asset manager is allowed to act as an organizer of Ishares Digital Assets AG, who issued Exchange Traded Products (ETPS) – a financial instrument linked to an underlying asset, in this case a crypto -active.

Registration in Britain’s crypto register is not an easy farm. FCA’s crypto register was established by 2020 to ensure that cryptic companies who wanted to serve British clients could only do so after registering to comply with the country’s rules against money laundering. The United Kingdom has received 368 applications, but only 51 companies are approved.

As an organizer, BlackRock will be able to “arrange the implementation of transactions in cryptoassets to support ETP subscriptions and redemptions” between issuers and authorized participants, but it will not be able to aboard new customers.

Nor will it be able to operate a machine that “uses automated processes to exchange cryptoassets for money” vice versa – without the written consent of the regulator.

Blackrock joins like Crypto Exchange Coinbase, which recently managed to get on the register this year, though a new crypto regime is waiting.