AIMA - The Alternative Investment Management Association’s Post

Important article out today in the The Wall Street Journal highlighting the results of a survey of hedge funds. In short, crypto-focused funds were six times more likely to be denied basic banking functions than funds that did not invest in crypto. I’m not here to tell anyone how to invest, but I am here to express disappointment with those banking regulators who seek to put their finger on the scale of what businesses are in and out of favor, especially when done in non-transparent ways. H/t to the inimitable John Dagostino. https://lnkd.in/e3KFg3jW

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Bybit Launches Private Wealth Management Service: https://lnkd.in/gi-u97eF Bybit introduces a tailored Private Wealth Management service for high-net-worth individuals and institutional clients, focusing on digital assets and premium financial solutions. #coinefficiency #crypto #trading

Bybit’s BTC Fund Pool Revolutionizes Wealth Management Know more:- https://lnkd.in/dQv_6HNg #bybit #fintecbuzznews #fintech #financialtechnology #fintecbuzz #financialservices

Thank you to Bosera Asset Management (International) Co., 新火科技「SINOHOPE」, and Deloitte for the invitation to help educate a broader investor community about the new virtual asset #VA asset class, their risk-reward characteristics, and other business trends in the #digitalassets and #web3 sectors. Since the launch of 6 spot VA ETFs in April and a Bitcoin Futures Daily (-1x) Inverse Product in July this year, by now, a variety of #VA #ETF products, including #spot and #futures, #BTC and #ETH, and #inverse are listed on the Hong Kong Exchanges and Clearing Limited (HKEX). The full list of #VA #ETFs on #HKEX: https://lnkd.in/g7F5b4mw Besides ETFs, professional investors #PIs can also invest through Securities and Futures Commission (SFC)-regulated, uplifted Type 9, #virtualasset #fund managers. These fund managers often offer differentiated investment strategies to achieve different risk-reward profiles. While #VA is still a new asset class, the pioneering, first-uplifted licensed fund manager in Hong Kong already has over 3 years of track record on their belt, having gone through both the bull and bear cycles. It is very encouraging to see steady, solid development of our digital assets industry in Hong Kong where more #regulated firms are launching different products that suit the needs of our broader financial investor base, and attract more “old money” capital into this new investment frontier. FintechHK

Great initiative John Dagostino. The good news is that recent advances in digital Customer Due Diligence should effectively address the fundamental Bank Secrecy Act challenges facing banks managing digital industry risks with analog resources. It simply doesn't scale.

Access to banking should be fair and free from government interference for lawful activities. That hasn't been the case for crypto seeking basic, lawful banking services - a fact that has now entered the mainstream thanks to Marc Andreesen and Joe Rogan. Hopefully this survey I put together alongside AIMA - The Alternative Investment Management Association will help inform this important discussion. https://lnkd.in/evXtfGmD

Important conversation for crypto market participants and observers. AIMA's paper on crypto banking is a must-read. Reach out for a copy or find access via Michelle Noyes, CAIA or John Dagostino. We can help. #cryptofunds #digitalassets #AIMA #withum #alternativeinvestments

On July 3, Sygnum Bank announced it is working with Chainlink Labs and Fidelity International, an investment management firm and Bitcoin ETF issuer, to bring Net Asset Value (NAV) data — the calculation of an investment fund’s value — on-chain. The data will power Sygnum’s tokenized offering of Fidelity International's Institutional Liquidity Fund, a fund investing in AAA-rated investments with $6.9 billion in assets. In March, Matter Labs, the company behind ZKsync, a top Ethereum scaling solution, allocated $50 million of the company’s treasury reserves to the fund via Sygnum. NAV data is a critical layer of the traditional fund industry, and bringing this data on-chain portends greater adoption. Chainlink’s cross-chain interoperability protocol (CCIP) has also formed a key component of tokenization pilots launched by the likes of BNY Mellon, Citi, BNP Paribas, ANZ Bank, Lloyds Banking Group, and SIX Digital Exchange. The value of tokenized US treasuries, bonds, and cash equivalents has grown 120% YoY and is currently at $1,77B. #allassetsonchain #tokenization #rwas https://lnkd.in/ebCSCSaU

this is the beginning of the tokenization of the capital markets , no more paper certificates at clearing agents / transfer agents / dtc / dwac etc ... people will own stock via NFTs in crypto wallets 🔐 #blackrock #defi #stockmarket