Gemini Fund Solutions will provide fund managers the ability to manage crypto custody, clearing, and trade execution on a unified platform
Gemini, a crypto exchange and custodian, announced the launch of a new global offering — Gemini Fund Solutions™ — to provide fund managers with custody, clearing, trade execution, and other capital markets services tailored to ETFs, closed-end funds, and other fund vehicles.
As interest in cryptocurrency skyrockets, crypto funds have become an increasingly attractive option for fund managers looking to add crypto exposure to their clients’ portfolios. But to date, the market for providing these services to fund issuers has been fragmented.
Gemini’s regulated and secure platform is custom-built for institutions, providing fund managers the ability to seamlessly offer crypto products to their clients while managing all of the underlying infrastructure in a single place.
“There are a multitude of crypto funds coming to the global markets by a variety of methods, massively expanding the number of institutions bringing crypto products to their investors,” said Dave Abner, Global Head of Business at Gemini. “Gemini is in a unique position to leverage its knowledge across the funds and the crypto space, to usher investors directly onto the Gemini Exchange, or drive the underlying infrastructure asset managers need to bring even the most complex products to market. Offering them an all-in-one solution is a way to help issuers to support this rapidly-growing trend.”
Gemini Fund Solutions will support fund issuers every step of the way throughout onboarding and implementation and provide technical support and ongoing operational expertise to help ensure that Gemini Fund Solutions is seamlessly integrated into their systems and workflow. Gemini will also continue to provide education around the crypto marketplace to institutions considering investment, while also acting as a centralized hub for crypto liquidity providers, helping to grow the overall ecosystem.
Read More: Net Purpose Joins Investment Association’s FinTech Accelerator
Purpose Investments and Evolve Funds Group, fund issuers that launched bitcoin ETFs worth more than $500 million dollars combined, have already engaged Gemini Fund Solutions to access its unified crypto services for their clients. Gemini Fund Solutions also securely holds and protects crypto assets for 3iQ, CI Global Asset Management, Galaxy, and Ninepoint Partners, who cumulatively manage approximately $2 billion in bitcoin and ether.
Read More: GreenPath and eGain Launch Unique Anytime-Anywhere Virtual Financial Coach
