Abra Launches Treasury Service for Corporates That Want to Hold Crypto

Abra, the digital asset prime services and wealth management platform, has launched Abra Treasury, a service for corporates that want to hold crypto on their balance sheet as a reserve asset, the company said in a press release on Monday. The service will be operated by Abra Capital Management, which is an SEC-registered investment advisor. The current uncertain macro environment, characterized by higher inflationary pressures and rising geopolitical tension. Abra and its founder and CEO William “Bill” Barhydt settled with 25 state financial regulators for operating its mobile application without the proper licenses, according to an announcement on Wednesday.

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