Société Générale now offers its services to professional investors who wish to create funds “based” on bitcoin and ethereum.
Bitcoin enters Société Générale
SocGen points out in its release that “More and more investors want to integrate cryptocurrencies into their portfolios.”
To meet demand, the third French bank offers asset managers “ensure the role of depositary of funds, appraiser and manager of liabilities”It is announced. “The first two products in the euro range are based on Bitcoin, Ether and Derivatives”.
The bank does not specify if it is only derivative products, or if it also offers a BTC custody service…
This new service has just been adopted by Arquant Capital. The fund has just opened a range of funds under French law in cryptocurrencies and is actively managed.
“By combining the know-how of SGSS in terms of innovation and the technical skills of Arquant Capital, we are expanding our ability to meet the diversification needs of asset managers”says David Abitbol, Director of Societe Generale Securities Services.
Let’s wait to see what actually comes out before we welcome the news. Especially when we see JP Morgan, a bank of the same type, repeating that Bitcoin is “a ponzi”.
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Journalist reporting on the Bitcoin revolution. My articles deal with bitcoin through geopolitical, economic, and libertarian prisms.