A Vault built just for you

Under the SEC's custody rule for investment advisers, a registered adviser that has custody of client assets must hold them with a qualified custodian: a bank, a trust company, a registered broker-dealer, or a similar regulated institution. The custodian holds the assets in an account that identifies the client as owner, or in a segregated account under the adviser's name as agent for clients. The adviser manages; the custodian holds.

For digital assets this matters more than usual, because the alternative is common and looks similar on a dashboard. Exchange custody means your coins sit in the exchange's omnibus wallet, commingled with everyone else's, and you hold an unsecured claim against the exchange's balance sheet. If the exchange fails, you are a creditor. Custody in a segregated account titled to you means the asset is yours, not a promise to you.

Abra's Vault keeps the two roles separate. Each client's assets sit in a separately managed account, or SMA, with title to the client. Abra Capital Management, an SEC-registered investment adviser, manages the account. Fireblocks Trust Company, LLC holds the assets.

Key management uses Fireblocks multi-party computation, or MPC. A conventional private key is a single secret that anyone who holds it can use. MPC never assembles that secret in one place. Key material is split into shares distributed across independent parties, and a transaction is signed only when enough shares participate. No single party, including Abra, can move assets on its own. Even a compromised administrative login or a stolen key share is not enough.

Every transaction must also pass a hardware-enforced policy engine before it is broadcast on-chain. The engine applies pre-defined, immutable rules: which addresses are allowed, which amounts, which approvers. A transfer that does not fit the policy does not go out. This is what stops an insider or an intruder from draining an account even with partial access.

Segregation is at the account level. Your SMA is yours; it is not a slice of a pooled fund. Recovery is handled through identity verification with Abra and the custodian, so losing a login, a two-factor device, or admin access does not mean losing the assets. Key backup and disaster recovery for the MPC shares are managed by Fireblocks as part of the custody service.

The Vault supports Bitcoin, Ethereum, Solana, and major stablecoins including USDC and USDT, plus other digital assets available through Abra's OTC and spot trading desk. US dollars can be wired in via SWIFT and converted, or supported crypto can be deposited directly on its native chain.

New assets are added when they meet Abra's operational and risk criteria and are supported by the Fireblocks infrastructure, which covers the major chains and their common token standards. Chain coverage and the current supported-asset list change over time, so confirm with your specialist before transferring anything less common. Sending an asset on an unsupported network can result in loss.

BitGo is a custody-first provider. Its core business is holding digital assets for institutions, with its own regulated trust entities and its own key management technology, and it offers additional services around that core. Abra is an investment adviser. Custody is the foundation, and the products that sit on top of it, yield, lending, staking, and trading, are the reason most clients open an account.

That is the structural difference. With a custody-only provider you hold assets securely and arrange anything else yourself. With Abra the assets are held by Fireblocks Trust Company, LLC in an account titled to you, and the same account can allocate to BTCaf, USDaf, staking, or a crypto-backed loan. Allocating to BTCaf or USDaf exchanges your asset for tokens issued by AbraFi, an ACM affiliate, and loan collateral is posted to DeFi lending markets, which adds counterparty, wrapper and smart contract risk. Abra Capital Management is registered with the SEC as an investment adviser; a custodian is regulated as a custodian, which is a different obligation.

Which fits depends on what you want. An institution that only needs cold storage and has its own trading and yield relationships may prefer a pure custodian. A client who wants custody and a managed way to earn on the assets in one place is who Abra's Vault is built for.

Start with what is not covered. Abra products and client accounts are not bank deposits and are not insured by the FDIC, SIPC, NCUA, or any government agency. No control or operational measure is guaranteed to prevent loss. That is true of every digital asset custodian, and any page that implies otherwise should be read carefully.

Typical custodian policies cover specific events such as theft of key material or insider fraud, and typically do not cover market losses, protocol failures in deployed strategies, or losses from a client's own credentials being compromised. Request the current coverage summary from your specialist and read the exclusions before relying on it.

Open an account: identity verification and the advisory agreement. Abra then sets up a dedicated SMA Vault titled to you or your business. From your dashboard you generate a deposit address for each asset on its supported network, and send from your existing wallet or exchange. Nothing is sold; the transfer is in kind. US dollars can be wired via SWIFT.

Confirmation times depend on the chain. Bitcoin transfers are typically credited after the network's usual block confirmations; Ethereum and Solana are faster. Your dashboard shows the pending deposit and every transaction afterwards. Always send a small test amount first for a new asset, and confirm the network with your specialist before sending.

Abra Capital Management, LP is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940. You can verify the registration and read the firm's Form ADV, including its disclosures and fee schedule, on the SEC's Investment Adviser Public Disclosure site. Registration does not imply a certain level of skill or training, or endorsement by the SEC.

Assets are held by Fireblocks Trust Company, LLC, which holds a limited purpose trust charter from the New York State Department of Financial Services, granted in 2024. Fireblocks reports SOC 2 Type II and ISO 27001, 27017 and 27018 certifications for its platform. Abra will provide the current attestation letters and custodian documentation on request. Verify them yourself rather than taking a logo on a webpage as proof.

ACM's fees are listed on the Fees page.

Yes. The Vault is the account; the yield strategies run inside it. Bitcoin in your SMA can be allocated to the BTCaf strategy, which pays yield in BTC, variable and not guaranteed. Stablecoins can be allocated to the USDaf strategy. ETH and SOL can be staked through Kiln. The same BTC or ETH can instead be pledged as collateral for a crypto-backed loan at up to 50% LTV.

When you allocate to BTCaf or USDaf, your asset is exchanged for sBTCaf or sUSDaf, issued by AbraFi, an ACM affiliate. Your account holds the tokens at Fireblocks Trust; AbraFi holds and deploys the underlying assets under the strategy terms. Loan collateral is posted to DeFi lending markets. Note the operational trade-off: assets sitting idle in the Vault can be moved in and out at your discretion at any time, while assets deployed into a yield strategy or pledged as loan collateral need operational support to release and follow the product's liquidity terms. Yield strategies carry their own risks, set out on each product page.