Abra launches new RIA focused on digital assets
Digital asset prime services and wealth management firm Abra announced the approval of its registration of Abra Capital Management by the U.S. Securities and Exchange Commission.
The newly minted RIA will offer bespoke crypto investment solutions through a separately managed accounts model. The San Francisco-based firm seeks to serve individual investors, family offices and institutions wanting exposure to digital assets ranging from Bitcoin (BTC) and Ethereum (ETH) to NFTs, according to a form ADV filed with the SEC that listed the firm’s assets as over $102 million.
Abra will now operate as a fiduciary and allow clients to get exposure to the digital asset ecosystem under a separate account structure built on-chain, where clients retain title and ownership over their assets and their assets will be independently verifiable on-chain, officials said.
“We see significant demand for a trustworthy and safe platform to earn yield on Bitcoin, Ethereum and other crypto assets and borrow against crypto holdings,” said Marissa Kim, head of Asset Management at Abra. “We allow our clients to access the DeFi markets without requiring investors to navigate the complexity themselves.”
Full article available here.
