Sat, Oct 20, 2018
A A A
Welcome Guest
Free Trial RSS
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

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Robert Citrone's discovery cashes in on bearish bets[more]

    From Institutional Investor: The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments. Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility - two even

  4. Hedge funds at the 'core' of stock slump may be done offloading, Why hedge funds will stick with ever-risky short volatility trades[more]

    Hedge funds at the 'core' of stock slump may be done offloading From Bloomberg: One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week's rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categori

  5. Investing: Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks, U.S. fund investors pull most cash from bonds since February -ICI[more]

    Billionaire Leon Cooperman explains how he ended up investing his personal money in pot stocks From CNBC: Billionaire hedge fund investor Leon Cooperman confirmed to CNBC on Wednesday that he has personal money in the cannabis industry, noting investments in a few young marijuana companie