Crypto Finance, a subsidiary of the German Exchange, provides institutional investors with means of issuing crypto assets such as ETP | coindesk JAPAN | Coindesk Japan

Switzerland-based Crypto Finance AG, backed by Deutsche Börse, has partnered with financial services provider Apex Group to launch cryptocurrency investment products for institutional investors. I will provide a.

Crypto Finance will provide Apex with the infrastructure for the cryptocurrency market and issue structured investment vehicles such as exchange traded financial products (ETPs).

The aim of both companies is to provide professional and institutional investors such as banks, asset managers and family offices with the means to issue their own crypto-related investment products. The first products are expected to arrive in the second quarter of this year.

“The exponential development of this new asset class will lead to increased demand for crypto-related investment products,” according to a March 22 announcement.

For this reason, in 2021, the German capital market exchange Deutsche Exchange will acquire two-thirds of the shares for $ 108.6 million (about 14.4 billion yen), and it will be like Crypto Finance. regulated providers are required.

｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
｜Image: German Exchange (ShutterStock)
｜Original: Crypto Finance and Apex Group to Offer Institutional Crypto Products