Investment Bank Cowen to Help Institutions Seamlessly Put Cryptocurrencies in...
Investment bank Cowen, founded in 1918, is launching a cryptocurrency service in partnership with Standard Custody & Trust Co. to help institutional clients “seamlessly secure, access and leverage cryptocurrencies and digital assets in their portfolios.” Cowen’s CEO said: “The demand is clearly here. We’re going to be able to help a lot of our institutional clients get over the hump and start trading digital assets.” Cowen Diving Into Crypto Investment bank Cowen Inc. (NASDAQ: COWN) says Thursday that it will start providing “institutional....
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Cowen initially announced plans to move into the crypto custody business in May 2021, entering a partnership with Standard Custody and Trust Company. Cowen, a major American independent investment bank, has officially launched a dedicated cryptocurrency and digital asset division.Called Cowen Digital, Cowen’s new business is designed to offer full-service trade execution and custody for cryptocurrencies like Bitcoin (BTC) and other digital assets for institutional investors, the firm announced on Wednesday.In order to launch the new crypto division, Cowen has collaborated with PolySign’s....
Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive. He argues that cryptos can either be important inflation hedging tools or useful forms of payment but not both. The Regulation Threat The professor adds that despite the popular assertions by some that bitcoin will replace the U.S. dollar as the world’s reserve currency, the digital asset remains too volatile to serve this purpose. Writing in an opinion piece, the economist concedes that “there is a demand for a non-intermediated,....
The 103-year-old bank wants to hold crypto for asset managers and hedge funds as Wall Street begins offering cryptocurrency products to institutional clients. Cowen Inc., an independent American investment bank established over a century ago, is set to become the latest mainstream financial services company to enter the crypto custody business.According to Bloomberg, Cowen has inked a partnership with Standard Custody and Trust Company. The collaboration will also include a $25 million investment in Standard’s parent company, PolySign Inc., which has Ripple chief technology officer David....
Anthony Scaramucci, CEO of Skybridge Capital, a multi-asset class investment firm, says he thinks the institutional investment boom in cryptocurrencies has been greatly exaggerated. In an interview given to Bloomberg last week, Scaramucci stated that most institutions are still not interested in cryptocurrency as an investment and that only 10% are actively investing in crypto.
Anthony Scaramucci Thinks Institutions Are Still Not Big on Crypto
Anthony Scaramucci, CEO of Skybridge Capital, thinks there is still a long way until bitcoin and cryptocurrencies are embraced by....
Since its first appearance, Banks positioned themselves with an unfriendly attitude towards digital currencies. Nevertheless, that attitude seems to be changing and currently many known Banks and other financial institutions are exploring and researching the potential of blockchain technology. Bankinter was the first bank to openly fund a bitcoin company, followed by UBS and BBVA who revealed to be researching the blockchain technology. Other Financial Institutions are researching blockchain technology to develop new apps while Citi's Innovation Labs, is already testing its own....