3 ms·
What does this mean for Gemini?
by whistlerbrk 8y ago
What does this mean for Gemini?
- otoburb 8y agoI think Gemini was the first in NY to launch institutional features back in late 2016[1], including the hallowed custodial service. My understanding is that without a qualified custodian[2][3], hedge funds with assets under management greater than $150M were unable to invest in said securities because they need(ed) a qualified custodian beyond this limit. [1] https://medium.com/gemini/gemini-licensed-custodial-services-c4f2658d7469 https://medium.com/gemini/gemini-licensed-custodial-services... [2] https://www.sec.gov/rules/final/ia-2176.htm https://www.sec.gov/rules/final/ia-2176.htm [3] https://www.reuters.com/article/us-crypto-currencies-funds/lack-of-wall-st-back-office-deters-mainstream-crypto-investments-idUSKBN1I91WF https://www.reuters.com/article/us-crypto-currencies-funds/l...