Advertisement
Singapore markets open in 5 hours 43 minutes

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,066.76
    -3.79 (-0.07%)
     

  • Dow

    38,437.02
    -66.67 (-0.17%)
     

  • Nasdaq

    15,693.79
    -2.85 (-0.02%)
     

  • Bitcoin USD

    64,191.28
    -2,529.53 (-3.79%)
     

  • CMC Crypto 200

    1,385.40
    -38.70 (-2.72%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Gold

    2,334.30
    -7.80 (-0.33%)
     

  • Crude Oil

    82.87
    -0.49 (-0.59%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Crypto Finance and Apex Group to Offer Institutional Crypto Products

Jamie Crawley
Updated ·1-min read

Join the most important conversation in crypto and web3! Secure your seat today

Deutsche Börse-backed Crypto Finance AG has teamed up with financial-services provider Apex Group to offer institutional-grade crypto investment products.

Crypto Finance will provide Apex with the digital-asset market infrastructure needed to issue structured investment vehicles such as exchange-traded products.

The two firms' aim is to offer professional and institutional investors such as banks, asset managers and family offices with the means to issue their own crypto-related investment products. The first such products will be introduced in the second quarter.

ADVERTISEMENT

In an announcement on Wednesday, the firms said that "demand for crypto-related investment products is expected to grow in line with the exponential development of this new asset class."

That therefore requires the services of regulated providers such as Crypto Finance, which was brought under the banner of Germany's Deutsche Börse in 2021, when the exchange acquired a two-thirds stake Crypto Finance for $108.6 million.

Read more: Digital Asset Investment Products’ AUM in February Reaches Highest Level Since May 2022