Investment management company BlackRock is teaming up with Amazon Web Services (AWS) to bring its Asset, Liability, Debt, and Derivative Investment Network (Aladdin) platform to the cloud.

Aladdin is the core technology platform used by BlackRock and is also licensed out to other financial institutions.

The platform can now be hosted on AWS, expanding its available cloud hosting options.

“Our Aladdin clients are seeking open, flexible platforms that can adapt to their operating models and scale with their ambitions,” said Sudhir Nair, senior managing director and global head of Aladdin at BlackRock.

“The Aladdin platform is built to be multi-cloud, and Aladdin on AWS is a key step in enabling multi-cloud functionality. By expanding Aladdin to AWS, we are giving clients more choice in where and how they deploy their technology ecosystem.”

“Our partnership with BlackRock combines AWS’s 20 years of experience running mission-critical financial services workloads with Aladdin’s industry-recognized technology expertise in helping transform how financial institutions manage their portfolios,” said Scott Mullins, managing director of worldwide financial services at AWS. “With Aladdin running on AWS, clients gain access to secure, scalable, and resilient infrastructure for advanced risk modeling, enterprise-grade analytics, and smart investment decision-making, while maintaining the highest security standards.” 

In addition to the platform’s new footprint, Amazon Treasure will use the offering itself to manage Amazon’s global investment portfolio.

General availability of Aladdin on AWS will launch in the US in the second half of 2026.

Aladdin was first launched by BlackRock in 1988. In 2020 it was said to have been used to manage some $21.6 trillion in assets.

Initially, the platform ran on a single Sun Microsystems workstation, but has since been massively expanded. It originally ran solely on-premises from BlackRock data centers, including one in Wenatchee, Washington. In 2022, BlackRock announced it was partnering with Microsoft to bring Aladdin to the Azure cloud with the aim of removing the constraints of relying on on-premises data centers.

It is unclear if Aladdin is also operating from BlackRock’s data centers or is now fully cloud-based. DCD has contacted the company for further information.

According to Uptime Institute, BlackRock operates two Uptime-certified data centers – the Wenatchee facility and another in New York.

AWS has long supported financial services companies. In October 2024, Macquarie Group migrated its core trading and settlement platform to AWS, and the UK’s London Stock Exchange expanded its use of AWS in April 2025.

AWS has also partnered with Nasdaq to help market operators in the company move to the cloud, starting with the Johannesburg Stock Exchange, Grupo BMV, and Nasdaq’s Nordic markets.