Deutsche Borse-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.
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."
That therefore requires the services of regulated providers such as Crypto Finance, which was brought under the banner of Germany's Deutsche Borse in 2021, when the exchange acquired a two-thirds stake Crypto Finance for $108.6 million.
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