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]
