iCapital and Grayscale Partner on Cryptocurrency Access

iCapital Network, a global financial technology platform focused on alternative investing, has partnered with digital currency asset manager Grayscale Investments to provide access to digital currencies.

iCapital Network, a global financial technology platform focused on alternative investing, has partnered with digital currency asset manager Grayscale Investments to provide access to digital currencies.

As part of the partnership, iCapital’s more than 6,700 advisors working with high-net-worth clients will have access “to digital currencies through a Grayscale diversified market-cap weighted investment strategy.”

“Advisors and their clients have expressed increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are at the center of the conversation right now,” said Lawrence Calcano, chairman and chief executive officer of iCapital Network. “We are delighted to partner with Grayscale, a recognized leader in digital currency investing with the experience to help investors navigate this dynamic asset class.”

Founded in 2013, Grayscale is the largest asset manager in the digital currency space with $43 billion in assets under management and 15 digital currency investment strategies, including six SEC-reporting products.

“The digital currency landscape is complex and ever-evolving, which can make it difficult for advisors and their clients to determine the most appropriate methods to access the asset class…,” said Hugh Ross, chief operating officer of Grayscale. “In a world with trillions of dollars of fiscal stimulus and negative real interest rates, the wealth management industry is recognizing the diversification benefits and inflation hedge potential that digital currencies can offer in an investment portfolio.”

Founded in 2013, iCapital Network is a global financial technology company with approximately 450 employees that services $80 billion in global client assets across more than 780 funds, as of July 31, 2021. The company is headquartered in New York City, with offices in Zurich, London, Lisbon, and Hong Kong.

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