Rising Crypto Demand Sparks Abra’s Launch of Digital Assets Treasury Solutions
Abra, a digital asset platform, has launched Abra Treasury, a new service offering customized digital asset treasury solutions.
Managed by Abra Capital Management LP, Abra Treasury targets corporations, family offices, and non-profits by providing a comprehensive suite of services including custody, trading, borrowing, and yield generation through separately managed accounts.
The aim is to optimize cash or crypto assets on corporate balance sheets, facilitate employee bonuses in bitcoin (BTC) and ethereum (ETH), and generate yields for family offices. This initiative follows Abra’s recent settlement with 25 U.S. states regarding licensing issues.
Clever Robot News Desk 3rd July 2024
