The landscape of crypto financial services is witnessing a significant milestone with the launch of Bitcoin-backed active managed certificates (AMCs), courtesy of XEROF, a pioneering entity in cryptoasset financial services.
Collaborating with GenTwo, this initiative underscores an epoch of innovation and regulatory advancement in Europe’s crypto landscape.
XEROF’s Bitcoin AMC emerges as one of the inaugural products to safeguard the underlying Bitcoin asset in a Swiss bank, offering a glimpse into Switzerland’s progressive regulatory climate.
This development is indicative of the region’s commitment to providing clear and compliant pathways to licensed providers venturing into intricate financial products.
Bringing Bitcoin to Swiss Banks
The crux of the certificate lies in its secure containment of Bitcoin, in the cold storage of a top-tier Swiss bank, ensuring optimal security for investors. To facilitate the daily liquidity of the certificate, XEROF deploys its crypto brokerage exchange, thus providing a seamless blend of traditional banking and digital assets.
Institutions and accredited investors now have a sophisticated avenue to venture into cryptoassets, without the obligation to hold Bitcoin directly. This eliminates the complexity surrounding the secure custody of crypto assets, thereby empowering asset managers and family offices to broaden their investment scope.
A New Era of Cryptoasset Adoption
“The crypto asset market is evolving and is ripe for regulated intricate financial products,” remarked Marc Taverner, CEO and co-founder of XEROF. Taverner pointed out the Global Family Office Report by UBS, highlighting that 68% of family offices intend to preserve their crypto-asset investments, with 27% aiming to augment them.
XEROF’s Bitcoin AMC emerges as an apt solution for these entities, aligning with the structure of existing products in their portfolios. Moreover, this offering enables exposure to Bitcoin while retaining AUM – an advantage missing in direct Bitcoin purchases.
Taverner conveyed the company’s pride in spearheading such an innovative solution for Bitcoin investment. He emphasized XEROF’s goal of driving greater adoption of crypto assets, stating:
“This is a long-anticipated milestone in our mission, following numerous attempts by various firms in different jurisdictions. We are gratified with our experience in Switzerland and anticipate offering more products like this soon to accredited investors.”
With XEROF’s latest innovation, the financial landscape could witness a significant shift in how institutions interact with Bitcoin, marking a substantial stride toward mainstream crypto-asset adoption.
