Abra Acquires Tron and Zilliqa Trusts from Valkyrie Investments
Abra, the digital assets and wealth management platform, recently purchased private crypto trusts, including Tron (TRX) and Zilliqa (ZIL), from Valkyrie Investments before settling with 25 U.S. state regulators for operating without licenses.
Expansion of Crypto Trust Offerings for Abra Capital Management
Abra Capital Management LP, a SEC-registered investment advisor, sees the acquisition of Tron and Zilliqa trusts as an opportunity to broaden its spot and DeFi products to more investors. The plan includes the potential for some trusts to become publicly-traded based on market demand.
Abra Settles with U.S. State Regulators and Launches Abra Treasury
Following a settlement with U.S. state regulators in June, Abra will return $82.1 million in cryptocurrencies to American customers. Additionally, Abra announced the launch of Abra Treasury, offering crypto services for corporates, family offices, and non-profits, including custody, borrowing, trading, and yield services.
