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Digital Assets Services focused on Private Wealth are growing
The Private Wealth segment has been historically neglected during the thirteen years of Digital Assets' existence. The industry, first explored by the retail sector and later introduced to institutional investors, has left a gap in services tailored to the needs of U/HNWI and their respective Wealth Advisors.
This gap seems to have been detected by the industry. In recent months, the supply of services focused on asset managers, registered independent advisors and other investment managers has been growing, both through partnerships between traditional finance firms and service providers in the Digital Asset Ecosystem, as well as the creation of specialized products by companies native to the Digital Asset industry.
However, most of the services focused on the Private Wealth segment that has been emerging cater exclusively to the North American market, leaving Solidus and a few other competitors as the only providers of tailored services to large private equity firms and their advisors for Latin America, Europe and the Middle East. It is expected that, as education about the market opportunity in this sector progresses, services will become more sophisticated and competition for the appetite for Digital Assets among high net-worth individuals will grow.
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Morgan Stanley: Digital Assets exchange-traded products grow despite market decline
Institutional interest in Digital Assets continues to grow, according to Morgan Stanley. This is reflected in the 90 exchange-traded products such as ETFs or ETPs that have been launched since the bear market began.
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Fidelity registers new Ethereum exchange-traded fund
Asset manager Fidelity registered with the SEC the Fidelity Ethereum Index Fund, a new index fund that will offer exposure to Ethereum to its clients. So far, Fidelity has already invested US$ 5M in its new fund.
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Valkyrie to offer SMA accounts
Asset manager Valkyrie Funds will start offering exposure to Digital Assets through SMA (Separately Managed Account) accounts for traditional investors.
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Gemini aims to get more RIAs into Digital Assets
The Digital Assets exchange's recent partnership with Envestnet's Tamarac platform for Registered Financial Advisors (RIAs) seeks to facilitate access to the Digital Assets Ecosystem for this segment of traditional finance.
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Investment Manager Hamilton Lane to tokenize three of its funds
Investment Manager Hamilton Lane seeks to expand access to private equity funds to a broader range of qualified investors by tokenizing three of its funds.
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Asset Manager Golden Tree unveils US$ 5.2M investment in SushiSwap
Asset Manager with over US$ 47B in AUM, Golden Tree, known for investments in corporate credit and emerging markets, made the investment as part of its digital investment strategy, GoldenChain.
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UN forecasts global recession and prolonged economic stagnation
The United Nations Conference on Trade and Development published the report Development Prospects in a Fractured World, in which it states that the world "is heading for a global recession and prolonged stagnation," with particular emphasis on developing countries that are approaching a debt default.
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U.S. Financial Regulators Urge Regulators to Fight Digital Asset Risks with Regulations
The Financial Stability Oversight Council (FSOC), a panel of U.S. financial regulators, released a report in which it identifies as risks of the Digital Assets market the low oversight of the spot market in non-securities assets and the opportunity for regulatory arbitrage due to disparate rules, urging Congress to promote regulations that address these risks.
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European Parliament proposes using blockchain to combat tax fraud
The European Parliament passed a non-binding resolution proposing a framework for using blockchain in tax processing, while simplifying tax treatment for small transactions with Digital Assets.
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SWIFT claims to have solved interoperability challenges between blockchain networks for CBDC
After conducting experiments involving both central and commercial banks, the most widely used financial messaging network for international payments, SWIFT, claims to have achieved value transactions across different blockchain networks, using both Central Bank Digital Currencies (CBDC) and fiat money.
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Coinbase CEO proposes inflation-anchored stablecoins
Brian Armstrong, CEO of Coinbase, proposed that instead of having stablecoins pegged to the price of national currencies, which are subject to depreciation and inflation, stablecoins should be developed that maintain parity with the Consumer Price Index in order to maintain their purchasing power.
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European Commission increases restrictions on Digital Assets for Russian citizens
The European Commission published a package of eight sanctions for Russian nationals, including increased restrictions on Digital Assets. Henceforth, all wallets, accounts and custody services for Digital Assets originating from Russia are banned, regardless of the amount.
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Mastercard launches tool to combat fraud in the Digital Assets marketplace
Mastercard's new tool, Crypto Secure, uses artificial intelligence to identify crime risks in Digital Asset exchanges through Mastercard's payment rails.
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Ray Dalio resigns as CIO of Bridgewater Associates
After founding the investment firm Bridgewater Associates 40 years ago, and reaching $150B in AUM, Ray Dalio has resigned from his responsibilities as co-CIO and surrendered his voting rights to the board of directors.
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Solidus Capital is the leading firm in Digital Assets, which provides exclusive, agnostic, and institutional services such as Liquidity, Custody Solutions, Wealth (Private Accounts and Portfolio Management), Multi-Strategy Funds, Private Placements, and other sophisticated products in conjunction with bespoke accompaniment to High Net Worth Individuals, Family Offices, Companies, Wealth Managers and Banks.
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By relying on Solidus' services, investors avoid the classic fatal mistakes:
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- Lacking information in the context and moments of the market
- Executing operations inefficiently
- Using unreliable service providers and infrastructure
- Closing of accounts and freezing of funds
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Disclaimer
You have received this message because your email address is on our list of subscribers and/or because you are a client of the firm. If you have received this message in error or if you do not want to receive more opportunities and/or emails like this, please click on the following link: unsubscribe. Copying, forwarding, or disclosing the content of this message to third parties without the consent of Solidus is prohibited. This communication has been prepared for informational purposes only. This does not constitute an offer or recommendation to buy or sell any particular security, asset or instrument or to adopt any investment strategy. This is not advice, solicitation, or opinion regarding any transaction. This bulletin does not represent value judgments with respect to any financial instrument, issuer, security or sector that may be described or referenced in this document and does not represent the views of Solidus Capital and/or its affiliates (collectively Solidus Group). Recipients of this newsletter should not construe its content, or any prior or subsequent communication from or with Solidus Group or its representatives as investment, legal or tax advice. Although this material has been prepared using public and private sources believed to be reliable, Solidus Group makes no warranties or representations regarding the accuracy or completeness of the information set forth herein. Investing in digital assets is a high risk investment. Digital assets are subject to limited liquidity and price volatility. The digital asset industry (cryptocurrencies and digital tokens) is not as regulated as many other mature financial industries, making it an unprotected space with no deposit protection insurance coverage. The future performance of digital assets is unpredictable and their past performance is not a guide to accurate forecasting, nor is it a reliable indicator of future results. The content of this document, the trademarks “Solidus Advisors”, “Solidus OTC”, “Solidus Capital” and their legal subsidiaries are the property of Solidus Holding Company, Solidus Group Ltd. By accepting this communication in its entirety, the recipient acknowledges their understanding and acceptance of the terms established herein.
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