Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Crypto Fiat Holdings launches to provide financial services to crypto investors and funds

Friday, June 01, 2018

Bailey McCann, Opalesque New York:

Crypto Fiat Holdings has launched today with the goal of providing comprehensive financial services to cryptocurrency investors and firms. The organization will will consist of at least six banks and multiple B/Ds, RIAs, and FCMs which will strictly operate in the regulated environment, providing services in several popular investment jurisdictions.

According to Crypto Fiat Holdings CEO Joe Taussig, the company will address key pain points felt by the crypto ecosystem by providing up to $10 billion to fund margin lending, custody, agency brokerage, and fiat to crypto on-ramping and crypto to fiat off-ramping. The company will also leverage existing relationships with regulators and traditional financial institutions to ensure consistent service and remove some of the friction cryptocurrency investors and funds encounter as they transact.

CFH will be paid on performance post-transaction in addition to profiting from Reg T margin lending support by cryptocurrency collateral and term deposits.

Initially, lending rates will be 15-20%, but the company expects those fees to come down over time as the market matures.

The company will be holding two funding rounds. The first will welcome investors for as little as $100,000 up to $5 million. For the second round, the minimum investment will be $5 million. Both rounds will be limited to professional cryptocurrency investors and banks.

CFH expects to be fully operational by t......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1