Gemini is a cryptocurrency-based exchange and custodian that opted for the launch of a global offering – Gemini Fund Solutions. It is providing the fund managers with clearing, custody, and trade execution. The other capital market services are tailored for ETFs and closed-end funds, along with other fund vehicles.
As per the interest in crypto skyrockets, the crypto funds are not becoming a very attractive option for fund managers who are looking to add crypto exposures for their client portfolios. But to date, the market is providing such services to fund the issuers that have been fragmented.
Gemini is regulated and secured with its custom-built structure for institutions. It is providing the fund managers the ability for the seamless offering of crypto products to their clients. At the same time, it is managing the underlying infrastructure in a single place.
“There are a multitude of crypto funds coming to the global markets by a variety of methods, massively expanding the number of institutions bringing crypto products to their investors,” said Dave Abner, the Global Head of Business at Gemini. He further added, saying, “Gemini is in a unique position to leverage its knowledge across the funds and the crypto space, to usher investors directly onto the Gemini Exchange, or drive the underlying infrastructure asset managers to need to bring even the most complex products to market. Offering them an all-in-one solution is a way to help issuers to support this rapidly-growing trend.”
Gemini Fund solutions are going to support the fund issuers in each step of their way of onboarding and implementation, along with the offering of enhanced technical support. The fund is seamlessly integrated with their system and flow of work. Gemini is also going to continue with providing education in the crypto marketplace.
Purpose Investments and Evolve Funds Groups, the fund issuers, have launched bitcoin ETF, which is worth USD500 million dollars. It has already engaged Gemini Fund Solution to access the unified crypto services for the clients. It is also securely holding and protecting the crypto assets for 3iQ, CI Global Asset Management, Ninepoint Partners, and Galaxy.
Gemini Fund solutions are currently backed by the highest financial and security compliance in the industry. Gemini is the only exchange and custodian currently present in the world who has managed to complete SOC 1 Type 2 & SOC 2 Type 2 examinations, which are certified with Deloitte. It is a fundamental requirement for the safe management of the products for the investor.