Gemini, a crypto exchange and custodian, today announced the launch of a new global offering — Gemini Fund Solutions — to provide fund managers with custody, clearing, trade execution, and other capital markets services tailored to exchange-traded funds (ETFs), closed-end funds, and other trust vehicles all on one platform.
As interest in cryptocurrency skyrockets, crypto funds have become an increasingly attractive option for wealth managers looking to add crypto exposure to their clients’ portfolios. But to date, the market for providing these services to fund issuers has been fragmented.
Gemini’s regulated and secure platform is custom-built for institutions, providing the underlying infrastructure requirements to enable wealth managers the ability to seamlessly offer cryptocurrency products to their clients.
“There are a multitude of crypto funds coming to the global markets by a variety of methods, massively expanding the number of institutions bringing crypto products to their investors,” said Dave Abner, global head of business at Gemini. “Gemini is in a unique position to leverage its knowledge across the funds and the crypto space, to usher investors directly onto the Gemini Exchange, or drive the underlying infrastructure asset managers need to bring even the most complex products to market. Offering them an all-in-one solution is a way to help issuers to support this rapidly-growing trend.”
Gemini Fund Solutions will support asset managers every step of the way throughout onboarding and implementation. Gemini will work with issuer partners on technical support and providing ongoing operating expertise to help ensure that Gemini Fund Solutions is seamlessly integrated into their systems and workflow. Gemini will also continue to provide education around the crypto marketplace to institutions considering investments, while also acting as a centralized hub for crypto liquidity providers, helping to grow the overall product ecosystem.
Purpose Investments and Evolve Funds Group, asset management companies that launched Bitcoin ETFs worth more than $500 million dollars combined, have already engaged Gemini Fund Solutions to access unified digital asset services for their clients. Gemini Fund Solutions also securely holds and protects crypto assets for 3iQ, CI Global Asset Management, Galaxy and Ninepoint Partners, who cumulatively manage approximately $2 billion in crypto.
Gemini Fund Solutions is backed by the industry’s highest financial and security compliance standards. Gemini achieved SOC 1 & SOC 2 qualification certified by Deloitte — a fundamental requirement for safely managing products for investors.
To learn more about Gemini Fund Solutions, visit https://www.gemini.com/institutions.
