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Xerof intros $100M bitcoin active managed certificate

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June 29, 2023

Xerof, a Swiss cryptoasset financial services company, has introduced bitcoin-backed active managed certificates. With these certificates, users can invest into bitcoin, which is held in cold storage in a Swiss bank, according to a press release.

This service is designed for users to invest into cryptocurrency without holding it directly. Xerof utilizes its crypto brokerage exchange for the daily liquidity of the certificate.

"The cryptoasset market is maturing and is ready for complex financial products that are properly regulated. UBS's recent Global Family Office Report found that 68% of family offices plan to maintain their investments in cryptoassets and 27% are looking to increase their investments," Marc Taverner, CEO and co-founder of Xerof, said in the release. "The bitcoin AMC is perfectly suited to family offices and asset managers. The structure of the product is consistent with other products in their portfolios. Further, the certificate provides exposure to the underlying asset whilst retaining AUM — a benefit not found with the direct purchase of Bitcoin. We take pride in presenting a pioneering solution for Bitcoin investment, a long-awaited milestone in our mission toward greater adoption of cryptoassets. After years of attempts in various jurisdictions by other firms, we are pleased with our experience in Switzerland. We look forward to offering more products like this soon to accredited investors."