Aussie asset manager to offer crypto ETF using unique license variation
The CEO of Monochrome Asset Management says their license approval represents a significant step forward for both the advice industry and retail investors. Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF). Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as until this point, approved crypto ETFs in Australia only operate under general financial asset authorization and only indirectly hold crypto-assets.....
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