Crypto Wealth Management Firm Abra Launches New Platforms for Private Clients
Crypto wealth management firm Abra said it has launched the “Abra Prime” and “Abra Private” platforms for private clients and received approval from the U.S. Securities and Exchange Commission to operate as an investment advisor.
In an announcement, Abra said the Abra Private platform is aimed at providing a bespoke service for private clients, family offices and trusts, while Abra Prime’s client base includes hedge funds, venture capital, crypto infrastructure firms and other institutional investors.
Abra Sees Strong Demand for Bespoke Digital Assets
The firm said the new services are the result of strong demand for bespoke digital assets solutions from wealthy clients.
The firm’s platform integrates over-the-counter (OTC) trading for both spot and options borrowing, lending, staking and yield services and asset management into one offering.
In other news, Abra said its subsidiary Abra Capital Management LP has been approved by the U.S. Securities and Exchange Commission to operate as a registered investment advisor.
“We launched Abra a decade ago as one of the first companies working to develop a novel type of borderless and trustless decentralized global payment infrastructure,” said Bill Barhydt, Founder and CEO of Abra, in the announcement.
