Channel Eye
2022-26-27 URN 10034 IQ Banner
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Workplace Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Music
    • Play
    • Travel
    • Wedding
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Isle of Man
    • Virtual events
    • Past events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • About
  • Contact
No Result
View All Result
Channel Eye
No Result
View All Result
2022-26-27 URN 10034 IQ Banner
Home Business Finance

Apex Group appointed to provide fund services to new crypto asset management platform

April 21, 2022
in Business, Finance, Guernsey, Isle of Man, Jersey
David Barry
Share on FacebookShare on TwitterShare on LinkedIn

Apex Group has been appointed to provide fund services to Blockchain.com Asset Management (BCAM), a new crypto asset management platform powered by Blockchain.com with investments managed by Altis Partners.

BCAM’s Jersey-domiciled funds will offer regulated crypto investment products for institutional investors, family offices and high net worth individuals. The platform launches with a suite of index and systematic products such as a Bitcoin Tracker and a Bitcoin Smart Beta. The Bitcoin Tracker algorithmically trades Bitcoin to track its price versus USD, providing cheap, efficient exposure to Bitcoin, while Bitcoin Smart Beta offers an algorithm-based risk-managed exposure to bitcoin that aims to reduce volatility and drawdowns.

Apex will provide a full suite of fund solutions to the funds including compliance, KYC/AML, company secretary and transfer agency services delivered by Apex in Jersey and with fund administration offered by Apex’s Centre of Excellence for Digital Assets in Malta.

Apex’s services will allow Blockchain.com and Altis to efficiently communicate with investors and implement robust controls, underpinned by secure technology solutions to expedite and simplify daily investment management tasks.

Founded in 2011, Blockchain.com allows 37 million verified users to buy, trade and store digital tokens such as Bitcoin. Over 82 million wallets have been created on Blockchain.com, with over a third of all Bitcoin network transactions taking place via the platform.

This announcement follows Apex Group’s recent acquisition of a majority stake in FundAdminChain, a distributed ledger-based network for launching, distributing, trading and settling collective investment funds.

David Barry (pictured), Global Head of Open-Ended Funds at Apex Group comments: “We’re excited to be supporting the launch of BCAM as Blockchain.com continues to lead the digital assets revolution by offering institutional investors sophisticated investment strategies for crypto assets, underpinned by robust controls and procedures. This appointment is further evidence of Apex’s forward looking and adaptable full-service model, which enables us to support all asset types.”

Charles McGarraugh, Chief Strategy Officer, Blockchain.com further adds: “Apex has demonstrated exceptional flexibility and speed to adapt to the fast-moving world of crypto assets. As we provide institutional investors with a new way to access the crypto space in a regulated environment, Apex offers additional comfort to our investors as a reputable and trusted partner ensuring our full compliance and maximum operational efficiency.”

Stephen Hedgecock, CEO & Founding Principal, Altis Partners further commented: “We’re excited to partner with a crypto-native firm like Blockchain.com to bring BCAM to market. This platform is further evidence of the increasing appeal of institutional grade crypto investment vehicles, and we are delighted to make it available to our sophisticated client base.”

Tags: Apex GroupBlockchainCryptocurrencyMalta
ShareTweetShare
Tim Bullock

Tim Bullock

Related Posts

Peter Hughes
Finance

Apex Group wins mandate from Encore Capital Management

June 29, 2022
Andrea Gallenca
Finance

Apex Group wins Octopus Investments Australia mandate

June 23, 2022
Alistair Brew
Finance

BGF appoints Apex Group for portfolio ESG services

June 21, 2022
Next Post
Tim Ringsdore

Telecoms prices in Jersey 'below average compared to similar-sized jurisdictions'

NatWest
2022-26-27 URN 10032 IQ Skyscraper
2021-07-13 ChannelEye Get seen MPU

Subscribe to our newsletter

Get the latest, no-nonsense, essential news and information direct to your inbox.
  • Home
  • Business
  • Lifestyle
  • Events
  • Directory
  • Privacy Policy
  • About
  • Contact
  • Subscribe

© 2020 Channel Eye Limited

No Result
View All Result
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Workplace Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Music
    • Play
    • Travel
    • Wedding
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Isle of Man
    • Virtual events
    • Past events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • About
  • Contact

© 2020 Channel Eye Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.