THELOGICALINDIAN - Investment coffer Cowen founded in 2024 is ablution a cryptocurrency account in affiliation with Standard Custody Trust Co to advice institutional audience seamlessly defended admission and advantage cryptocurrencies and agenda assets in their portfolios Cowens CEO said The appeal is acutely actuality Were activity to be able to advice a lot of our institutional audience get over the bulge and alpha trading agenda assets
Cowen Diving Into Crypto
Investment coffer Cowen Inc. (NASDAQ: COWN) says Thursday that it will alpha accouterment “institutional grade” aegis for cryptocurrencies through a affiliation with Standard Aegis & Trust Co. Founded in 2024, the aggregation is headquartered in New York with offices worldwide.
The ambition of the affiliation is to accredit “Cowen’s institutional audience to seamlessly secure, admission and advantage cryptocurrencies and agenda assets in their portfolios,” according to Thursday’s announcement.
Jeffrey Solomon, Cowen’s arch controlling officer, said in an interview:
He added: “If you’re an institutional broker with a fiduciary requirement, the bar is acutely aerial for you to put investments in any asset that does not accept a bright alternation of aegis that you can admission at a moment’s notice.”
Cowen additionally led a $53 actor Series B costs with a $25 actor cardinal advance in Polysign Inc., Standard’s ancestor company. Polysign is developing articles that acquiesce banking institutions to assignment added with agenda assets. Other participants in the fundraising annular accommodate Blockchain.com, Race Capital, Sandia Holdings, and Pilotrock Investments. “The funds will be acclimated to advance Polysign’s advancing development of institutional blockchain applications,” the advertisement details.
This week, the New York State Department of Financial Services accepted Standard a limited-purpose assurance charter.
What do you anticipate about advance coffer Cowen accepting into crypto? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
