Cryptoors News: $14B Banking Firm Starts First Crypto Fund in Spain

Pressable Button ⚡ The Next 100x Crypto Gem? Presale DXE Multichain Search Engine BUY NOW ➡️

A Spain-based banking entity focused on private banking, launched the first crypto fund under Spanish jurisprudence.
The firm, with €12.4 billion ($14 billion) in assets under management as of the end of 2022, launched a hedge fund that will be accessible to professional investors, A&G said in a statement released on Monday.
The fund managed by A&G will have CACEIS, the asset servicing banking group of Crédit Agricole and Santander, as depositary, while it will be audited by PwC.

Checkout our Presale page the next 100x coin

“We consider it an optimal solution for any European professional investor who wants to approach the world of cryptocurrencies, without forgetting that it is a very high risk fund,” Diego Fernandez Elices, chief investment officer at A&G, said in a statement.
In 2022, the Bank of Spain started issuing licenses for providers of services for the exchange of virtual currency for fiat currency and the custody of digital wallets, to which companies such as Bit2Me, Bitstamp, BVNK, and Ripio acceded.

Was this article helpful?

Leave a Reply

Your email address will not be published. Required fields are marked *

Clickable Box
Dex Explore Coin

Dex Explore $DXE Presale is live BUY This 100x Coin Binance Listing

Buy $DXE Now