Apex Group, one of the world’s largest fund administrators, is to provide services to Blockchain.com Asset Management (BCAM), a recently announced fund service from Blockchain.com, the crypto exchange and wallet provider.
Jersey-based BCAM aims to provide institutional crypto investment products, including a BTC Tracker and a fund that hedges Bitcoin’s downside risk. Atlis Partners is managing BCAM and Standard Custody, part of PolySign is providing the custody service.
Last year Apex paid $2 billion to acquire Sanne Group, solidifying its position as a top ten fund administration provider. In March, it announced it had taken a majority stake in FundAdminChain (FAC), the blockchain fund tokenization platform.
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