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.”

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Australian mandate win for RBC I&TS
08 March 2017 | Sydney | Reporter: Stephanie Palmer
RBC Investor & Treasury Services has won the mandate to provide custody and administration services to Uniting Financial Services in Australia
CACEIS to facilitate bitcoin fund investment
08 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Depository and transfer agent CACEIS is partnering with Bitstamp to allow fund promoters to accept bitcoin investments into investment funds
Silverfinch wins pan-European regulatory mandate
06 March 2017 | London | Reporter: Stephanie Palmer
International investment boutique J O Hambro Capital Management (JOHCM) has appointed Silverfinch to help manage its European regulatory reporting requirements
Arlington Advisors and Pensions Infrastructure Platform join forces
2 March 2017 | London | Reporter: Theo Andrew
The Pensions Infrastructure Platform and Arlington Advisors have formed a partnership targeting on-campus student accommodation
Private equity blockchain launches
23 February 2017 | Guernsey | Reporter: Stephanie Palmer
Northern Trust, in collaboration with IBM and several other stakeholders, has launched a commercial blockchain solution for the private equity market
RiskSystem wins Luxembourg UCITS mandate
21 February 2017 | Luxembourg | Reporter: Stephanie Palmer
Credit Suisse Fund Management has selected RiskSystem, to provide risk reporting and investment restriction monitoring to a $500 million Luxembourg-domiciled fund
Northern Trust nabs UBS fund admin businesses
20 February 2017 | Zurich | Reporter: Stephanie Palmer
Northern Trust has completed an agreement to acquire UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland