Grayscale Investments, a firm with around $43 billion in digital assets under management, has formed a new partnership with iCapital Network to streamline access for investors interested in crypto. iCapital is an alternative investment platform that services around 6,700 network advisors that serve high-net-worth clients. Grayscale provides access to the digital asset class in the form of a security without the need to buy digital currencies directly.
Lawrence Calcano, Chairman and Chief Executive Officer of iCapital Network, commented:
“Advisors and their clients have expressed increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are at the center of the conversation right now. We are delighted to partner with Grayscale, a recognized leader in digital currency investing with the experience to help investors navigate this dynamic asset class.”
Grayscale notes that in a recent survey 61% of advisors had been approached for information about cryptocurrencies by clients, and 79% planned to increase recommendations of cryptocurrency investments in the next year if their firm recommends them.
Hugh Ross, Chief Operating Officer of Grayscale, said the digital currency landscape is complex and ever-evolving and they simplify the process of investing:
“We are thrilled to collaborate with iCapital to provide access to an institutional-quality, digital currency investment strategy that is differentiated by its transparency as an SEC reporting company. In a world with trillions of dollars of fiscal stimulus and negative real interest rates, the wealth management industry is recognizing the diversification benefits and inflation hedge potential that digital currencies can offer in an investment portfolio.”