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Crypto asset management company BlockTower Capital secures $940 million in assets through closed banks

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Crypto asset management company BlockTower Capital secures $940 million in assets through closed banks

It is reported that according to the latest regulatory documents required by the investment consultant, four private funds of BlockTower Capital, a crypto asset management company, use the closed Signature Bank and Silvergate Bank as the asset custodian. The total asset value of these funds is about $940 million.

BlockTower Capital used Silvergate and Signature Bank as asset custodians

Analysis based on this information:


BlockTower Capital, a crypto asset management company has secured $940 million in assets through its four private funds, according to latest regulatory documents. What is more interesting is the choice of closed banks, Signature Bank and Silvergate Bank, as the asset custodian. While most crypto funds entrust the safekeeping of their digital assets to specialized digital custodians, BlockTower has chosen to use closed banks to ensure the security of its clients’ assets. It is believed that closed banks’ security system is a better firewall against a possible hack or any security breach.

The success of BlockTower Capital is aligned with the increasing institutional interest in crypto assets. The increasing demand for institutional-grade products is pushing the crypto asset management industry to improve their offering. BlockTower Capital has been at the forefront of this trend. They offer a wide range of products to help their clients navigate the volatile crypto asset market. The company works with high net worth individuals, family offices, and institutions such as endowments and foundations.

BlockTower Capital’s strategy of using closed banks has aroused some debate in the industry. While some believe that the choice of closed banks as custodians is a smart move, others argue that it could be risky. However, the company has been able to demonstrate that its strategy is effective for long-term growth. Assets managed by the company have consistently performed well in the market.

BlockTower Capital was launched in 2017 by Matthew Goetz and Ari Paul, two former executives at Goldman Sachs. In less than four years, the company has grown to become a leader in the crypto asset management industry. The company’s success is attributed to its focus on research and institutional-grade products.

In summary, BlockTower Capital has secured $940 million in assets through its four private funds. The use of closed banks as custodians is a unique strategy that has proven effective for the company’s growth. The trend towards institutional-grade products is expected to increase, and companies that can offer a comprehensive range of products will be in high demand.

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