Securitize, a digital asset platform that enables issuers to leverage blockchain technology, has announced the launch of Securitize Capital, LLC, a wholly-owned subsidiary, that will operate as an alternative investment manager in the digital asset sector.
According to the company, Securitize Capital was created due to the observation that institutional investors found access to digital assets like cryptocurrencies challenging. Securitize Capital will provide vehicles for institutional and accredited investors to gain exposure to this sector including revenue opportunities such as crypto-lending.
Securitize said that its two flagship funds will launch in early June and will provide direct exposure to Bitcoin (BTC) or USD Coin (USDC), with yields greater and fees lower than competing funds currently on the market. Securitize said the management fee will be 0.50%.
Securitize Capital has enlisted Anchorage Lending CA, LLC, an affiliate of Anchorage Digital Bank, and Genesis, a prime broker, to spport lending opportunities. The funds will be administered by MG Stover & Co and audited by Spicer Jeffries, LLP. Shares in the fund will be issued as digital asset securities recorded on the Algorand blockchain, with Securitize as the transfer agent.
Carlos Domingo, CEO of Securitize, said they are seeing strong demand from institutional investors seeking exposure to crypto:
“They want to go beyond simply holding a cryptocurrency, but rather are seeking access to the yield generated by DeFi strategies,” said Domingo. “Current offerings are very limited, mostly with no yields and high fees. There is nothing in the marketplace like the institutional-grade funds we are announcing today and we look forward to introducing more products like this in the future.”
Diogo Mónica, co-founder and President of Anchorage, said they are proud to enable a compliant and secure path for lending:
“Anchorage Digital has always been committed to bringing more access to digital assets and these funds make Bitcoin and stablecoin investment accessible for a whole new range of participants.”
Securitize, LLC, is an SEC-registered transfer agent and Securitize Markets, LLC, is an SEC-registered broker-dealer, as well as a member of FINRA and SIPC, and also operates Securitize Markets ATS.
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