According to a new press release on Wednesday, Société Générale, one of the largest investment banks in Europe, said that it would be expanding its cryptocurrency asset management services through its Security Services subsidiary. Clients who are digital asset fund managers can now elect to have Société Générale as their fund custodian, valuator and liability manager. The tools are designed to facilitate the addition of cryptocurrencies into institutional investors' portfolios.
The firm's most recent client is Arquant Capital SAS, a licensed asset management company in France with two euro-denominated digital asset products consisting of Bitcoin (BTC), Ether (ETH) and other derivatives. David Abitbol, director of Societe Generale Securities Services, commented:
"By combining Societe Generale's innovation expertise with Arquant Capital's technical skills, we are expanding SGSS' ability to meet the diversification needs of asset managers."
Meanwhile, Eron Angjele, CEO of Arquant...
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