- SEC approves registration of Abra Capital Management, Abra’s new registered investment advisor (RIA)
- Abra’s enhanced platform integrates OTC trading, treasury management and asset management under a separately managed account (SMA) model
- New services are the result of strong demand for bespoke digital assets solutions
NEW YORK--(BUSINESS WIRE)--Abra, a global platform for digital asset prime services and wealth management, today announced the launch of its integrated offering for institutions, Abra Prime, and private clients, Abra Private, following approval from the SEC for its subsidiary, Abra Capital Management LP (ACM), to operate as a registered investment advisor (RIA). As an SEC-registered investment advisor, ACM will offer bespoke crypto investment solutions through a separately managed accounts model (SMA). More information about Abra, including our Form ADV Part 2A Brochure, is available at the SEC’s website, http://www.adviserinfo.sec.gov.
Abra's platform integrates OTC trading (both spot and options), borrowing, lending, staking and yield services and asset management into one offering, underpinned by institutional risk management and powered by DeFi expertise. Abra Private provides bespoke solutions for private clients, family offices and trusts, while Abra Prime’s client base includes hedge funds, venture capital, crypto infrastructure firms and other institutional investors.
As an SEC RIA, ACM will now operate as a fiduciary and allow clients to get exposure to the digital asset ecosystem under a separate account structure built on-chain, where clients retain title and ownership over their assets and their assets will be independently verifiable on-chain.
Marissa Kim, Head of Asset Management at ACM, said: “We see significant demand for a trustworthy and safe platform to earn yield on Bitcoin, Ethereum and other crypto assets and borrow against crypto holdings. We allow our clients to access the DeFi markets without requiring investors to navigate the complexity themselves.”
Brad Stephens, Managing Partner at Blockchain Capital and a long time Abra client, said: “After the events of the past three years, Abra has proven itself as the most trustworthy and reliable crypto investing platform for staking, earning yield and lending. We’re looking forward to working with the Abra team for years to come.”
In an industry that is traditionally bifurcated between retail and institutional investors, Abra is experiencing strong demand from private clients, trusts and family offices for bespoke solutions that address specific wealth management challenges including: income generation, unlocking liquidity from crypto assets and secure trading with a trusted partner. Abra provides clients with flexibility and customization on LTVs and collateral requirements to help them unlock liquidity from their crypto assets. Abra also offers one of the only comprehensive staking and yield offerings in the USA and globally for BTC, ETH, SOL and stablecoins.
Bill Barhydt, Founder and CEO of Abra, said: “We launched Abra a decade ago as one of the first companies working to develop a novel type of borderless and trustless decentralized global payment infrastructure. We have evolved significantly since then and leveraged that experience to create an integrated prime services and wealth management offering powered by DeFi expertise. As an SEC registered investment advisor we are excited for Abra’s next chapter, and we remain committed to building a future where financial services are digital, open and borderless.”
Bob Wallden, Head of Trading at Abra, said: "At Abra, we possess extensive expertise within the digital asset ecosystem. Our ability to consolidate Abra's knowledge in investing, hedging, trade execution, and DeFi, and offer it to our clients in a manner that is both accessible and secure, represents our greatest strength and the most significant benefit for our clients."
About Abra
Abra is a global platform for digital asset prime services and wealth management, leveraging trusted DeFi expertise to connect the on-chain and off-chain ecosystems for private clients and institutions. By integrating trading, borrowing, lending, yield services and asset management into one offering, all underpinned by institutional risk management, Abra provides clients with actionable insights and a competitive edge. Abra’s client base includes a diverse range of private clients, family offices, hedge funds, venture capital and crypto infrastructure firms. https://www.abra.com/
NOTICE TO RECIPIENTS
THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. This document has been prepared by Abra and is not intended to be (and may not be relied on in any manner as) legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy any securities of any investment product or any investment advisory service. The information contained in this document is superseded by, and is qualified in its entirety by, such offering materials. This document may contain proprietary, trade-secret, confidential and commercially sensitive information. U.S. federal securities laws prohibit you and your organization from trading in any public security or making investment decisions about any public security on the basis of information included in these materials.
DO NOT RELY ON ANY OPINIONS, PREDICTIONS, PROJECTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain information contained in this document constitutes “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. Abra does not make any assurance as to the accuracy of those predictions or forward-looking statements. Abra expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements. The views and opinions expressed herein are those of Abra as of the date hereof and are subject to change based on prevailing market and economic conditions and will not be updated or supplemented.
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