Abra Launches Integrated Digital Assets Treasury Solutions via SMAs Following Increased Demand from Corporates, Family Offices and Non-Profits
July 01 2024 - 2:21PM
Business Wire
- Abra Treasury solutions now offered via customized separately
managed accounts (SMAs)
- Businesses increasingly utilizing cryptocurrencies as treasury
reserve assets
- Abra won Hedgeweek’s Best Treasury Management Solution for
Digital Assets 2024*
Abra, a global platform for digital asset prime services and
wealth management, today announced the launch of Abra Treasury, a
service operated by Abra Capital Management LP (ACM), an
SEC-registered investment advisor, which provides corporates,
family offices and non-profits with an integrated suite of digital
asset treasury management and optimization solutions. Abra
Treasury’s integrated offering combines custody, trading, borrowing
and yield services through separately managed accounts where
clients retain title and ownership over their assets, and they are
independently verifiable on-chain.
Abra Treasury’s solutions are customized to client’s specific
requirements. For corporates, Abra Treasury primarily provides
treasury management services to optimize cash or crypto assets held
on companies’ balance sheets with the goal of maximizing a firm’s
treasury through yield, mitigating inflation risks and/or gaining
liquidity through borrowing. Notably, Abra Treasury works with
crypto-native companies to manage employee bonus programs where
employees receive BTC and ETH that vest over time, as an
alternative to traditional company stock options.
Family offices utilize Abra Treasury to generate a yield on
their BTC, ETH, SOL and stablecoins, borrow against their holdings,
and create customized digital assets strategies for enhancing
long-term wealth preservation. One client segment that Abra expects
may have more uptake for treasury services over the medium to
long-term is philanthropies, as forward-thinking ones may allocate
to crypto to maximize their donations and longevity.
Marissa Kim, Head of Asset Management at Abra Capital
Management, said: “A sign of adoption and institutionalization of
the digital asset industry has been the increase in non
crypto-native businesses showing interest in using Bitcoin as a
treasury reserve asset. We are increasingly seeing clients that are
business owners and CEOs of SMBs, in particular real estate
companies, with interest in buying BTC for their treasury or
borrowing against BTC to finance business needs or real estate
projects, which we did not see last cycle. They recognize that
Bitcoin may be a reliable store of value relative to depreciating
fiat currencies and appreciate its ability to act as a liquid hedge
against increasing inflation or geopolitical uncertainty.”
The firm's commitment to client-centric, bespoke solutions has
earned Abra Treasury the accolade of Hedgeweek’s Best Treasury
Management Solution for Digital Assets 2024.*
About Abra Abra Global 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/. More information about Abra Capital
Management LP, including our Form ADV Part 2A Brochure, is
available at the SEC’s website, http://www.adviserinfo.sec.gov.
INFORMATION IN THIS RELEASE IS FOR INFORMATIONAL PURPOSES
ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. This
release 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 or any investment product or any investment advisory
service.
*Companies do not pay a fee for placement on Hedgeweek’s Global
Digital Assets Awards, which are independently determined by
Hedgeweek. Source: Hedgeweek.com (Awarded June 2024) Data Compiled
by Hedgeweek Based on Time Period from 12/1/22 - 11/30/23.
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For press inquiries:
Peregrine Communications
abra@peregrinecommunications.com