Abra Targets High-Net-Worth Clients With New Asset Management Division

Abra Targets High-Net-Worth Clients With New Asset Management Division
0

Abra Targets High-Net-Worth Clients With New Asset Management Division

Crypto brokerage platform Abra has opened Abra Capital Management (ACM), which it said is intended to give clients access to actively managed, structured products and investment funds.

  • ACM launched with plans for five funds, three of which will target yield-generating opportunities in stablecoins, bitcoin (BTC) and ether (ETH), and two others that will target early stage token and equity investments, the company said in a statement.
  • “As investor appetite for access to the emerging digital asset economy has skyrocketed, so has the demand for solutions that can help them diversify their exposure and invest in high-growth, yet relatively inaccessible, vehicles,” Abra founder and CEO Bill Barhydt said in the statement. “Most exchanges and crypto platforms are limited in the solutions they can offer.”
  • Marissa Kim, who recently joined ACM as a general partner, will lead the new business. She previously founded Quantum Küresel Management, an investment firm focused on thematic investments in the Web 3 space. Barhydt will serve as chief investment officer.
  • ACM’s funds require a en az investment size of $250,000.
  • In September, Abra raised $55 million in Series C funding to develop new offerings geared toward high-net-worth and institutional clients.

Read more: Crypto App Abra Raises $55M to Develop High-Net-Worth, Institutional Offerings

Click to rate this post!
[Total: 0 Average: 0]

Join Our Newsletter

Sign up for free now and be the first to know about new updates.

Write a Comment