CACEIS, the asset servicing banking group of Crédit Agricole and Bitstamp, the EU’s first and only fully licensed bitcoin exchange, today announced the launch of a new service that enables fund promoters to accept bitcoin investments from retail and corporate clients into their investment funds.
With Bitstamp’s expertise in providing support to investors with bitcoin investments, and CACEIS as a leading European depository and transfer agent, the partnership represents an exciting opportunity for fund promoters to source new capital inflows.
Fund promoters working with CACEIS as their transfer agent will be eligible to process fund subscriptions and redemptions in bitcoin when the service goes live in the second quarter of 2017.
Bitstamp’s CEO, Nejc Kodrič stated:
“The Bitcoin industry is expanding not only geographically, but also in terms of its user base, which is why we are now seeing so many developments in the corporate investment space. Bitstamp’s first partnership with a market-leading, asset servicing bank like CACEIS means bitcoin investments can now be made within fully licensed and regulated framework. It is an honour and a privilege for us to be starting this journey as CACEIS’s first ever bitcoin exchange partner.”
Joe Saliba, CACEIS Deputy Chief Executive Officer echoed:
“CACEIS is delighted to announce this innovative investment facility in partnership with Europe’s only fully-licensed Bitcoin exchange, Bitstamp. Fund promoters are constantly seeking new sources of investment capital and by interfacing them with a regulated bitcoin exchange we are supporting their business development objectives. As a digital currency, bitcoin is already having a significant impact on the financial world and we have a strong conviction that this could increase as more fund promoters accept investment in bitcoin.”