CoinShares, a European digital asset investment firm with more than $4.7 billion of assets under management, this week announced a partnership with Scalable Capital, a European digital wealth manager, and neo broker.
Scalable Crypto is now available as part of Scalable Capital’s mobile app and allows Scalable Capital customers to invest in crypto ETPs alongside shares and ETFs. The cryptocurrencies are held as securities on the customer’s existing custody account. Customers have access to a user interface where they can view crypto prices in real-time and receive detailed information about the protocols they are invested in.
This new initiative is supported by CoinShares’ physically-backed ETPs providing access to digital assets via a regulated wrapper. CoinShares’ Physical ETP platform first launched in January 2021 and now has around $600 million in assets under management.
“Germany is leading Europe in establishing a regulatory framework for digital assets, and German investors have continued allocating portions of their portfolios towards cryptocurrencies,” CoinShares CRO Frank Spiteri said. “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.”
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.