Securitize to lend digital asset funds 28 May 2021US Reporter: Alex Pugh
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Securitize, a digital asset securities firm, has launched an alternative investment manager subsidiary focusing on digital asset funds.
Securitize Capital, launched on Wednesday, will give investors exposure to cryptocurrencies and decentralized finance (DeFi) in the form of digital asset securities.
The subsidiary鈥檚 two flagship funds will launch in early June, providing investors direct exposure to Bitcoin or USD Coin. The new subsidiary will make it easier for institutional investors to access exposure to cryptocurrencies and the yields earned through blockchain DeFi strategies, Securitize says.
Securitize Capital is working with Anchorage Lending, an affiliate of Anchorage Digital Bank, a digital asset bank, and Genesis, a prime broker, for sourcing lending opportunities.
Securitize CEO Carlos Domingo says: 鈥淲e see very strong demand from institutional investors for cryptocurrency exposure. Current offerings are very limited, mostly with no yields and high fees.鈥�
Anchorage digital president and co-founder Diogo M贸nica says: 鈥淲e鈥檙e proud to enable institutions like Securitize with a compliant, safe way to lend digital assets through Anchorage Financing.鈥�
Genesis head of institutional lending Matt Ballensweig comments: 鈥淎s demand for digital currencies by institutional investors increases, we鈥檙e pleased to be working with Securitize. Together, we鈥檙e making digital currencies and yield available to institutional investors in the form of funds they鈥檙e already familiar with.鈥�
To participate in the funds, investors will need to create a Securitize ID account and shares in the fund will be issued as digital asset securities recorded on the Algorand blockchain, with Securitize as the transfer agent.
Founded in 2017, Securitize leverages the blockchain to enable companies to compliantly raise capital and enable individual investors to participate.
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