Digital asset service platform Abra launches financial service Abra Treasury

Abra, a digital asset service and wealth management platform, announced the launch of Abra Treasury, which provides services for enterprises that want to hold cryptocurrency as reserve assets on their balance sheets. The service will be operated by Abra Capital Management, an investment advisor registered with the SEC in the United States, and will provide a range of digital asset financial management solutions for enterprises, family offices, and non-profit organizations. The company stated that Abra Treasury's product combines custody, trading, borrowing, and yield services, and customers can hold their cryptocurrency in separately managed accounts, allowing them to retain ownership of their digital assets.