What are Crypto currencies and Digital Assets?
Simply put, a Crypto currency is a digital or virtual currency, secured by cryptography. There are various types of Crypto currency and their utility, a popular way to describe use in the Crypto community, can vary widely.
Digital assets may include virtually anything of value that is not tangible in nature. This would include all Crypto currencies as well as non-fungible tokens (NFTs); software code, media or other valuable data held in digital form.
Crypto in Finance
Whilst crypto currencies and digital assets can be used on a standalone basis the traditional financial services sector can bring these new assets into established products to create a hybrid that is both recognisable to clients whilst allowing exposure to digital assets in a controlled manner. Investment portfolios, funds, insurance vehicles and trusts should all be able to gain exposure to digital assets to varying degrees.
How can Midshore help?
Midshore are known for its innovative outlook and creative application of tools and products available. Being a firm that has achieved many firsts in both a local and continental context within the Crypto space, we are more than capable of adding our knowledge and expertise to your vision.
Midshore can:
- Advise on Digital Asset strategy
- Implement Risk Management and Controls
- Integrate Crypto or Digital Assets into your workstreams
- Meet reporting requirements under the Crypto Asset Reporting Framework CARF
- Develop a control framework to meet the requirements of regulators
- Assist in your communications with regulators when seeking approval, authorisation or registration
Related news
Europe’s first Bitcoin ETF listed with Midshore’s Assistance
European Financial Innovation Takes a Leap Forward with Midshore’s involvement in Listing Europe’s First Bitcoin ETF PRESS RELEASE – 15TH AUGUST 2023 In a groundbreaking move that has captured the attention of financial experts and investors alike, Midshore Consulting, a leading consulting firm in the financial sector, has played a pivotal role in the successful…
GFSC authorises first cryptocurrency fund
Jacobi Bitcoin ETF was authorised by the Guernsey Financial Services Commission this month and is a sub-fund of Jacobi Investment Funds PCC. The fund will also seek approval from the Financial Conduct Authority in the UK to list on the UK-based arm of the Chicago Board Options Exchange, at which point it would become the…
