Sat, Aug 18, 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. Investing: Investors haven't been this bullish on U.S. stocks since 2015, U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled, The world's largest hedge fund loads up on Alibaba, An $84bn hedge fund used Facebook's struggles to build a massive stake, Jana Partners jumps back into Facebook, adds stakes in Alibaba, Wells Fargo, Einhorn's Greenlight Capital slashes stakes in Apple, Twitter and Micron,Tiger, Tremblant, Columbus went big on Twitter before earnings[more]

    Investors haven't been this bullish on U.S. stocks since 2015 From Bloomberg: The bull run that has taken U.S. equities to record highs this year may be about to reach its peak, according to the latest survey of fund managers by Bank of America Merrill Lynch. Allocations to U.S. stock

  2. Activists: Elliott lawyer warns Korea better brace for activist funds, Activist hedge fund is seeking operational improvements at the antivirus company, Eddie Lampert details $500m offer for Sears's assets, Nielsen should get a break from the market[more]

    Elliott lawyer warns Korea better brace for activist funds From Bloomberg: The lawyer who advised billionaire Paul Singer in his proxy fight against Samsung Group says he's seeing a surge of interest from activist investors who view South Korea's businesses as potential targets. In

  3. New Zealand to VCs and hedge fund managers buying up its land: No more, Related news: New Zealand has banned the sale of homes to foreigners after too many people started treating the island like their doomsday hideout[more]

    New Zealand to VCs and hedge fund managers buying up its land: No more From Tech Crunch: Over the last couple of years, a once well-kept secret began to gain traction in New York media outlets: wealthy American investors, including VCs and hedge fund managers, had begun snapping up tracts

  4. Blockchain Board of Derivatives, world's first hybrid crypto trading platform launched[more]

    Laxman Pai, Opalesque Asia: The world's first hybrid cryptocurrency derivatives trading platform, Blockchain Board of Derivatives (BBOD), has been launched in partnership with GMEX Technologies. Traders all around the globe can now have access to this platform which makes it easier for trade

  5. Leon Cooperman's challenge of giving away $1bn[more]

    From Bloomberg: Leon Cooperman, founder of hedge fund Omega Advisors Inc., has a billion-dollar problem. Over the course of his career, he has accumulated lots of money. He now plans on giving it all away during his lifetime. This turns out to be much more challenging than it might seem. First,