2 years ago
Crypto brokerage level Abra has opened Abra Capital Management (ACM), which it said is intended to springiness clients entree to actively managed, structured products and concern funds.
ACM launched with plans for 5 funds, 3 of which volition people yield-generating opportunities successful stablecoins, bitcoin (BTC) and ether (ETH), and 2 others that volition people aboriginal signifier token and equity investments, the institution said successful a statement.
“As capitalist appetite for entree to the emerging integer plus system has skyrocketed, truthful has the request for solutions that tin assistance them diversify their vulnerability and put successful high-growth, yet comparatively inaccessible, vehicles,” Abra laminitis and CEO Bill Barhydt said successful the statement. “Most exchanges and crypto platforms are constricted successful the solutions they tin offer.”
Marissa Kim, who precocious joined ACM arsenic a wide partner, volition pb the caller business. She antecedently founded Quantum Global Management, an concern steadfast focused connected thematic investments successful the Web 3 space. Barhydt volition service arsenic main concern officer.
ACM’s funds necessitate a minimum concern size of $250,000.
In September, Abra raised $55 cardinal successful Series C backing to make caller offerings geared toward high-net-worth and organization clients.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Michael Bellusci is CoinDesk's crypto payments reporter.
Sign up for Market Wrap, our regular newsletter explaining what happened contiguous successful crypto markets – and why.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 