Abra, a global platform for digital asset prime services and wealth management, today announced the launch of its integrated offering for institutions, Abra Prime, and private clients, Abra Private, following approval from the SEC for its subsidiary, Abra Capital Management LP (ACM), to operate as “a registered investment advisor (RIA).”
As an SEC-registered investment advisor, ACM will reportedly “offer crypto investment solutions through a separately managed accounts model (SMA).”
More information about Abra, including our Form ADV Part 2A Brochure, is available at the SEC’s website.
Abra’s platform integrates OTC trading (both spot and options), borrowing, lending, staking and yield services and asset management “into one offering, underpinned by institutional risk management and powered by DeFi expertise.”
Abra Private provides solutions “for private clients, family offices and trusts, while Abra Prime’s client base includes hedge funds, venture capital, crypto infrastructure firms and other institutional investors.”
As an SEC RIA, ACM will now operate “as a fiduciary and allow clients to get exposure to the digital asset ecosystem under a separate account structure built on-chain, where clients retain title and ownership over their assets and their assets will be independently verifiable on-chain.”
Marissa Kim, Head of Asset Management at ACM, said:
“We see significant demand for a trustworthy and safe platform to earn yield on Bitcoin, Ethereum and other crypto assets and borrow against crypto holdings. We allow our clients to access the DeFi markets without requiring investors to navigate the complexity themselves.”
Brad Stephens, Managing Partner at Blockchain Capital and a long time Abra client, said:
“After the events of the past three years, Abra has proven itself as the most trustworthy and reliable crypto investing platform for staking, earning yield and lending. We’re looking forward to working with the Abra team for years to come.”
In an industry that is traditionally bifurcated between retail and institutional investors, Abra is experiencing strong demand “from private clients, trusts and family offices for bespoke solutions that address specific wealth management challenges including: income generation, unlocking liquidity from crypto assets and secure trading with a trusted partner. Abra provides clients with flexibility and customization on LTVs and collateral requirements to help them unlock liquidity from their crypto assets.”
Abra also reportedly offers one of the only comprehensive staking and yield offerings “in the USA and globally for BTC, ETH, SOL and stablecoins.”
Bill Barhydt, Founder and CEO of Abra, said:
“We launched Abra a decade ago as one of the first companies working to develop a novel type of borderless and trustless decentralized global payment infrastructure. We have evolved significantly since then and leveraged that experience to create an integrated prime services and wealth management offering powered by DeFi expertise. As an SEC registered investment advisor we are excited for Abra’s next chapter, and we remain committed to building a future where financial services are digital, open and borderless.”
Bob Wallden, Head of Trading at Abra, said:
“At Abra, we possess extensive expertise within the digital asset ecosystem. Our ability to consolidate Abra’s knowledge in investing, hedging, trade execution, and DeFi, and offer it to our clients in a manner that is both accessible and secure, represents our greatest strength and the most significant benefit for our clients.”
