Abra Launches Abra Treasury, Enabling Corporates to Hold Crypto as Reserve Assets
Digital asset prime services and wealth management platform Abra has announced the launch of Abra Treasury, a service designed for corporates seeking to hold cryptocurrencies as reserve assets on their balance sheets.
The service will provide a comprehensive range of digital asset treasury management solutions to corporates, family offices, and non-profits, the firm reportedly said in a Monday press release.
Abra Treasury, operated by Abra Capital Management, an SEC-registered investment advisor, combines custody, trading, borrowing, and yield services.
It allows clients to securely hold their cryptocurrencies in separately managed accounts, enabling them to retain ownership and control over their digital assets.
The ongoing macroeconomic uncertainties, characterized by increasing inflationary pressures and geopolitical tensions, have prompted corporate treasurers to explore the inclusion of Bitcoin (BTC) as a reserve asset.
Notably, MicroStrategy (MSTR), a Nasdaq-listed software firm led by Michael Saylor, holds the largest corporate Bitcoin reserve, with an impressive stash of 226,331 tokens accumulated since 2020.
Marissa Kim, the Head of Asset Management at Abra Capital Management, highlighted the growing trend of non-crypto-native businesses expressing interest in utilizing Bitcoin as a treasury reserve asset.
She noted that Abra is witnessing a surge in business owners and CEOs of small to medium-sized enterprises, particularly in real estate companies, considering BTC purchases for their treasuries or utilizing BTC as collateral for business needs and real estate projects.
“We are increasingly seeing clients that are business owners and CEOs of small to medium-sized businesses (SMBs), in particular real estate
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