Apex Group has been appointed to provide fund services to Blockchain.com Asset Management’s (BCAM) crypto asset management platform with investments managed by Altis Partners.
BCAM’s range of Jersey-domiciled funds will offer institutional investors, family offices and high net worth individuals access to regulated crypto investment products. The first of these will be a suite of index and systematic products, including a Bitcoin Tracker and a Bitcoin Smart Beta. The former trades Bitcoin algorithmically to track its price versus USD, while the latter offers algorithm-based risk-managed exposure to bitcoin.
“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,” said David Barry, global head of open-ended funds at Apex Group.
“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,” added Charles McGarraugh, chief strategy officer, Blockchain.com.
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 with fund administration offered by Apex’s Center of Excellence for Digital Assets in Malta.
The latest 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.