Banking giant Societe Generale has prepared a new product for asset managers who want to enter the cryptocurrency market.
France’s third largest bank, Societe Generale, has designed a product that will allow asset investors to access the cryptocurrency market more easily.
Asset managers using Societe Generale’s product will be able to offer their clients the “simple” way to invest in cryptocurrency funds.
According to the bank’s statements today, this product will also comply with the regulations in Europe.
This new service from Societe Generale is already being used by Arquant Capital SAS. Arquant Capital is currently developing several different funds to invest in the cryptocurrency market.
Societe Generale manages more than $1.6 trillion in assets as of 2021. This step taken by the bank towards the cryptocurrency market shows the demand for the market.