SGSS offers new services to asset managers looking to develop funds based on crypto
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SGSS offers new services to asset managers looking to develop funds based on crypto 21 September 2022France Reporter: Jenna Lomax
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Societe Generale Securities Services (SGSS) has announced plans to offer new services for asset management companies that are looking to develop professional funds based on crypto currencies.
SGSS will provide these services to asset managers as a third-party custodian and fund administrator.
The services will allow asset management companies to enhance their crypto offering in a simple and adapted manner, within the European regulatory framework, says SGSS.
SGSS’s new service has already been adopted by asset management company Arquant Capital SAS.
Licensed by the French Financial Markets Authority, Arquant Capital SAS is opening a range of specialised professional funds under French law, actively managed and invested in crypto currencies.
The first two products of the range in euros are mainly based on Bitcoin, Ether and derivatives.
David Abitbol, head of Securities Services at SGSS, says: “By combining SGSS' innovation expertise with Arquant Capital's technical skills, we are expanding our ability to meet the diversification needs of asset managers.”
Eron Angjele, CEO of Arquant Capital, comments: “This solution provides Arquant Capital with an innovative structuring that allows us to scale our offering and focus on creating value for our clients.”
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