Australian asset manager Monochrome Asset Management has acquired the Australian Financial Services (AFSL) license for its spot crypto exchange-traded fund (ETF).
monochrome In his post on 15 August on his official website, From the Australian Securities and Exchange Commission (ASIC) spot crypto exchange-traded fund (ETF) announced that it has obtained a license to build and operate.
co-founder of license Vasco Trustees Ltd The Australian company, which received through Monochrome Bitcoin ETF It will offer its fund called Vasco Trustees for sale. The Monochrome Bitcoin ETF has ever been issued by a licensed asset manager. first Bitcoin ETF The company stated that this move creates new investment opportunities for individual investors and asset managers.
Jeff Yew, CEO of Monochrome He stated that ASIC’s approval of the license application is a big step forward for the asset management industry and individual investors. Subject of investment advisors digital assets meet the demands of its customers when you’re having trouble Stating that, with this move, the CEO the problem will be solved expressed his opinion.