Abra, a digital asset services and wealth management platform, announced the launch of Abra Treasury, a service for businesses that want to hold cryptocurrencies on their balance sheets as reserve assets.
The service will be operated by Abra Capital Management, an investment advisor registered with the U.S. SEC, and will provide a range of digital asset financial management solutions to businesses, family offices and non-profit organizations.
The company said that Abra Treasury's products combine custody, trading, borrowing and yield services, and customers can hold their cryptocurrencies in separately managed accounts, allowing them to retain ownership of their digital assets. (CoinDesk)