Share this article
Private Banking Firm With $14B Assets Starts First Crypto Fund of Spain
The fund will be accessible to professional investors only and will be audited by PwC.
Updated Jul 26, 2023, 8:57 p.m. Published Jul 26, 2023, 8:57 p.m.
A&G, a Spain-based banking entity focused on private banking, launched the first crypto fund under Spanish jurisprudence.
The firm, with €12.4 billion ($14 billion) in assets under management as of the end of 2022, launched a hedge fund that will be accessible to professional investors, A&G said in a statement released on Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The fund managed by A&G will have CACEIS, the asset servicing banking group of Crédit Agricole and Santander, as depositary, while it will be audited by PwC.
"We consider it an optimal solution for any European professional investor who wants to approach the world of cryptocurrencies, without forgetting that it is a very high risk fund," Diego Fernandez Elices, chief investment officer at A&G, said in a statement.
In 2022, the Bank of Spain started issuing licenses for providers of services for the exchange of virtual currency for fiat currency and the custody of digital wallets, to which companies such as Bit2Me, Bitstamp, BVNK, Crypto.com and Ripio acceded.
Some time later, in December 2022, the central bank of Spain said it was planning to start a wholesale central bank digital currency (CBDC) project, and asked financial institutions and tech providers to submit proposals for the initiative.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Що варто знати:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
