26.04.2022 Finance Luxembourg

Luxembourg may have a card to play in crypto asset management

Apex Group Ltd. (“Apex”) – a global financial services provider – has been appointed to provide fund services to Blockchain.com Asset Management (BCAM) – a global crypto asset management platform launched by crypto wallet and exchange Blockchain.com and investment manager Altis Partners.

Barely a week goes by without cryptocurrency getting in the headlines… And Bitcoin is undoubtedly the best known of the 5,000 in existence today. Although it may seem an appealing investment – especially since renowned FinTech companies like Paypal got into the race or leading asset managers like Morgan Stanley and BlackRock suggested their clients to invest in Bitcoins – understanding the ins and outs may be tricky. Hence the need for safe and trusted crypto asset management platforms like BCAM.

This newly-created platform will offer regulated crypto investment products to institutional investors, family offices and high net worth individuals, including a Bitcoin Tracker – which tracks Bitcoin’s price against USD – and a Bitcoin Smart Beta – which provides algorithm-based risk-managed exposure to Bitcoin.

As agreed, Apex will provide a full range of fund services – including compliance, KYC/AML, company secretary and transfer agency services, underpinned by robust controls and procedures – therefore strengthening its position as one of the leading fund service providers in Luxembourg.