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.
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."
STORY CONTINUES BELOW
Recommended for you:
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.