Cowen Investment Bank offers crypto custody services to hedge funds and asset managers

Cowen Investment Bank, a century-old investment solutions provider, announced today that it will offer Bitcoin and other cryptocurrency custody services to hedge funds and asset managers. The bank became the first Wall Street giant to work with Standard Custody and Trust. Cowen CEO Jeffrey Solomon said in an interview that the investment bank has also invested $ 25 million in PolySign Inc. The question is here. We will be able to help many of our corporate clients through the crisis and start trading digital assets in the not too distant future. Adding that the decision is based entirely on increased demand, Solomon said, “If you are an institutional investor based on trust, the bar is extremely high for investing in assets without a clear chain of custody. you can access it instantly, ”he says. "Even if you have an idea of the asset class, if you cannot prove custody, you cannot trade it." Cowen Investment Bank first appeared at Coingape to provide crypto custody to hedge funds and asset managers.

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