Abra launches Abra Treasury, providing comprehensive cryptocurrency asset management services for enterprises.

Abra has launched Abra Treasury, a new platform that provides cryptocurrency asset management services for enterprises. The service is operated by Abra Capital Management, a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). Abra Treasury will offer a range of digital asset management solutions to enterprises, family offices, and non-profit organizations, including custody, trading, lending, and yield services. Clients can hold cryptocurrency assets in separately managed accounts, retaining ownership of their digital assets. Marissa Kim, the head of asset management at Abra Capital Management, noted that an increasing number of non-native cryptocurrency companies are showing interest in using Bitcoin as a reserve asset, especially small and medium-sized enterprises and real estate companies. Additionally, Abra and its founder and CEO, William “Bill” Barhydt, have reached settlement agreements with financial regulatory authorities in 25 states to return up to $82.10 million in cryptocurrency to U.S. customers.