Backed by CoinShares Physical ETPs, Scalable Crypto provides investors with secure access to digital assets via a regulated wrapper
CoinShares International Limited, Europe’s largest and longest standing digital asset investment firm with over US$4.7bn of AUM, announced a partnership with Scalable Capital, Europe’s leading digital wealth manager and fast growing neo broker.
Scalable Crypto is now available as part of Scalable Capital’s popular mobile app and provides a simple and secure way for Scalable Capital customers to invest in crypto ETPs alongside shares and ETFs. The cryptocurrencies are held in the form of securities on the customer’s existing custody account. Customers are treated to an intuitive user interface where they are able to view crypto prices in real time and receive detailed information about the protocols they are invested in.
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Scalable Crypto is backed by CoinShares’ physically backed ETPs providing seamless, secure access to the most popular digital assets via a regulated wrapper. CoinShares’ Physical ETP platform first launched in January 2021 and now has around US$600M in AUM.
Frank Spiteri, CoinShares Chief Revenue Officer, commented on the news, “Germany is leading Europe in establishing a regulatory framework for digital assets, and German investors have continued allocating portions of their portfolios towards cryptocurrencies. It has been a pleasure to work with the team at Scalable Capital to help meet the growing demand by enabling clients to participate in the growth of the digital asset ecosystem in a simple, transparent way.”
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Scalable Capital manages its client portfolios across their asset management and digital broker businesses, and the new offer will allow them to invest in crypto ETPs alongside their existing holdings. CoinShares will be Scalable’s crypto partner for investments in Bitcoin, Ethereum, Litecoin and Ripple, with additional cryptocurrencies to be launched in the near future.
“Cryptocurrencies have become an established asset class in a balanced portfolio. Our investment platform makes crypto trading as easy and secure as investing in stocks and ETFs. CoinShares as our partner allows us to offer seamless access to crypto trading for our clients”, says Erik Podzuweit, Co-Founder and Co-CEO of Scalable Capital.
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