Last week there was a formal announcement that Deutsche Bank asset management subsidiary DWS would partner U.S. headquartered Galaxy Digital to issue European exchange traded products (ETP) for digital assets.
Galaxy has numerous cryptocurrency funds, but DWS will be its only partner for European ETPs. It brings its technical infrastructure, digital asset management experience and research to the table. The most obvious contribution from DWS is its distribution as well as portfolio management and product structuring.
“As we see increasing client interest in digital assets and the need for secure access, our shared education-first approach and commitment to providing clients with access via well-known and trusted investment vehicles will enable us to build thoughtfully constructed and thoroughly researched products,” said Fiona Bassett, Global Head of Systematic Investment Solutions at DWS.
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