Share this article
Crypto Finance and Apex Group to Offer Institutional Crypto Products
Crypto Finance will provide Apex with the digital infrastructure needed to issue structured investment products.
Updated May 9, 2023, 4:11 a.m. Published Mar 22, 2023, 11:13 a.m.
Make us preferred on Google
Deutsche Börse-backed Crypto Finance AG has teamed up with financial-services provider Apex Group to offer institutional-grade crypto investment products.
Crypto Finance will provide Apex with the digital-asset market infrastructure needed to issue structured investment vehicles such as exchange-traded products.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The two firms' aim is to offer professional and institutional investors such as banks, asset managers and family offices with the means to issue their own crypto-related investment products. The first such products will be introduced in the second quarter.
In an announcement on Wednesday, the firms said that "demand for crypto-related investment products is expected to grow in line with the exponential development of this new asset class."
That therefore requires the services of regulated providers such as Crypto Finance, which was brought under the banner of Germany's Deutsche Börse in 2021, when the exchange acquired a two-thirds stake Crypto Finance for $108.6 million.
Read more: Digital Asset Investment Products’ AUM in February Reaches Highest Level Since May 2022
Más para ti
Japan's SBI to issue 10 billion yen onchain bond with XRP rewards for retail investors
The SBI START Bonds offer a fixed interest rate, blockchain settlement, and XRP rewards for eligible investors registered on the firm’s exchange.
Lo que debes saber:
- SBI Holdings is launching a 10 billion yen blockchain-based bond for individual investors.
- The SBI START Bonds offer a fixed interest rate, blockchain settlement, and XRP rewards for eligible investors registered on the firm’s exchange.
- SBI Holdings has long supported XRP, and the company owns 9% of Ripple Labs, according to its Chairman and CEO Yoshitaka Kitao.
Top Stories
