Luxembourg
08 March 2017
Reporter: Stephanie Palmer

CACEIS to facilitate bitcoin fund investment


Depository and transfer agent CACEIS is partnering with Bitstamp to allow fund promoters to accept bitcoin investments into investment funds.

Bitstamp, the EU’s only licensed bitcoin exchange, will allow both retail and corporate clients to invest using bitcoin, in a regulated environment.

In Q2 2017, when the new service goes live, promoters working with CACEIS will be able to process fund subscriptions and redemptions in bitcoin, providing an opportunity to source new capital inflows.

Bitstamp CEO Nejc Kodrič, said: “The Bitcoin industry is expanding not only geographically, but also in terms of its user base, which is why we are now seeing so many developments in the corporate investment space.”

He added: “Bitstamp’s first partnership with a market-leading, asset servicing bank like CACEIS means bitcoin investments can now be made within fully licensed and regulated framework.”

Joe Saliba, deputy CEO of CACEIS, said: “Fund promoters are constantly seeking new sources of investment capital and by interfacing them with a regulated bitcoin exchange we are supporting their business development objectives.”

“As a digital currency, bitcoin is already having a significant impact on the financial world and we have a strong conviction that this could increase as more fund promoters accept investment in bitcoin.”

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