Gemini Crypto exchange and the custodian has launched a new dedicated service called Gemini Fund Solutions. That will provide fund managers with custody, clearing, trade execution, and additional capital markets services. Tailored to Bitcoin exchange-traded funds (ETFs), closed-end funds, and other fund vehicles.
”There are a multitude of crypto funds coming to the global markets by a variety of methods. Massively expanding the number of institutions bringing crypto products to their investors”. Said Dave Abner, the global head of business.
“Gemini is in a unique position to leverage its knowledge across the funds and the crypto space. To usher investors directly onto the Gemini Exchange, or drive the underlying infrastructure asset managers to need. To bring even the most complex products to market”.
“Offering them an all-in-one solution is a way to help issuers to support this rapidly-growing trend.”
The platform is custom-built for institutions, giving fund managers the ability to offer crypto products to their clients. While managing all of the underlying infrastructure in one place.
The exchange’s new service will support fund issuers every step of the way throughout onboarding and implementation. Technical support, as well as ongoing operational expertise, will be provided to help ensure Gemini Fund Solutions is integrated into their systems and workflow.
Gemini Exchange will also continue to provide education around the crypto marketplace to institutions considering investment. Acting as a centralized hub for crypto liquidity providers.
Canadian bitcoin ETF providers, Purpose Investments and Evolve Funds Group, are among the existing Gemini Fund Solutions clients. Their Bitcoin ETFs launched recently, collectively managing over $500 million worth of assets.
Other Gemini Fund Solutions clients include Canadian crypto fund managers 3iQ, CI Global Asset Management, Galaxy, and Ninepoint Partners. Who cumulatively manage around $2 billion in Bitcoin and Ether.
Gemini Fund Solutions is backed by the industry’s highest financial and security compliance standards. Gemini is the only exchange and custodian service to have completed SOC 1 Type 2 & SOC 2 Type 2 examinations.
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