Blockchain.com is winding down its asset management arm, which launched last April.

The crypto startup has applied to strike the asset management subsidiary off the UK register and dissolve the company, according to a filing on Companies House.

Bloomberg reported earlier that the asset management arm, which was launched in partnership with Altis Partners, would be shutting down.

The asset management service catered to institutional investors, family offices and high-net-worth individuals, according to a Bloomberg interview.

(By Kari McMahon)