Digital wealth manager Scalable Capital has partnered with CoinShares to launch a new crypto platform offering investors access to digital asset exchange-traded products (ETPs).
The new offering, named Scalable Crypto, will allow the group’s retail customers to invest in crypto ETPs alongside shares and ETFs.
The offering is backed by CoinShares’ physical ETP platform which was launched in January and currently has $600m in assets under management.
Scalable Capital said the platform will merge with its existing wealth management offerings and was part of its move to become Europe’s leading digital investment platform.
Investors will be able to invest as little as €1 through savings plans and will be able to view crypto prices in real-time as well as detailed information of different currencies.
Erik Podzuweit (pictured), co-founder and co-CEO of Scalable Capital, said: “We make trading crypto as easy as trading shares or ETFs.
"Cryptocurrencies are well established as an asset class in a balanced portfolio. With Scalable Crypto, we are providing an affordable and intuitive offering to help even more people to enter the crypto world.”
Frank Spiteri, chief revenue officer at CoinShares, added: “Germany is leading Europe in establishing a regulatory framework for digital assets, and German investors have continued allocating portions of their portfolios towards cryptocurrencies.”
Last month, Scalable Capital acquired specialist ETF information provider justETF to enable investors to make more informed decisions of their ETF portfolios.
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