Bitstamp and CACEIS have both partnered to provide secure route for corporate bitcoin investments.
In an email statement, Bitstamp said the partnership will open up new investment possibilities for the fund management community. Put simply, it enables fund promoters to accept bitcoin investments from retail and corporate clients into their investment funds.
“Corporate investors are constantly on the lookout for innovative investment solutions,” explained Joe Saliba, CACEIS Deputy CEO in charge of business development, “which is why CACEIS is delighted to be partnering with Bitstamp, Europe’s only fully-licensed bitcoin exchange, to provide a secure and regulated framework for those keen to make bitcoin investments”. Nejc Kodrič, Bitstamp’s CEO agreed, adding that: “This partnership represents a first important step towards serving regulated institutional clients, and it is an honour and a privilege for us to be CACEIS’s first ever bitcoin exchange partner.”
With Bitstamp’s expertise in providing support to investors with bitcoin investments, and CACEIS’s position as a leading European depository and transfer agent, this partnership represents an exciting opportunity for fund promoters to source new capital inflows. Corporate investors are required to use CACEIS as their transfer agent in order to be eligible for this new service, which is scheduled to go live in the second quarter of 2017.
CACEIS is an European asset servicing bank that is part of Crédit Agricole SA. Bitstamp is the first and only fully licensed Bitcoin exchange in Europe.