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Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand

Jul 1, 2024

Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions.

The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including custody, trading, borrowing, and yield through separately managed accounts. Abra insists these solutions are tailored to optimize cash or crypto assets on company balance sheets, manage employee bonuses in bitcoin (BTC) and ethereum (ETH), and generate yield for family offices. This launch follows Abra’s recent settlement with 25 U.S. states over licensing violations.

Full article available here.

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