“There has been an increasing squeeze on fiat capabilities globally and our global regulatory footprint has been central to us remaining the leading fiat on / off ramp for cryptocurrency markets.”
HAYVN has announced that clients can now transact digital assets directly against the Euro (EUR) and the British Pound (GBP) and have transactions settled directly in these currencies.
The Abu Dhabi-headquartered digital asset-focused financial institution delivers Payments, Trading, Custody, Asset Management, and Research to HNW individuals, small and middle-market businesses, corporations, and institutions.
“There has been an increasing squeeze on fiat capabilities globally”
Expanding fiat capabilities to EUR and GBP is a major expansion in services to the European and UK market. Complementing its existing USD, AUD, and AED fiat capabilities, HAYVN is now capable of settling all G7 currencies for clients.
Christopher Flinos, Chief Executive Officer of HAYVN, commented: “Adding EUR and GBP capabilities to our global fiat infrastructure, further demonstrates our commitment to our Businesses, Corporate and Institutional clients in Europe and the UK. There has been an increasing squeeze on fiat capabilities globally and our global regulatory footprint has been central to us remaining the leading fiat on / off ramp for cryptocurrency markets.”
HAVYN is regulated by the ADGM, BVI, AUSTRAC, and the CIMA. For OTC clients, the HAYVN platform now provides the ability to transact Bitcoin, Ethereum, USDC, or USDT against the EUR and GBP and be settled directly into client fiat bank accounts. Likewise, GBP and EUR fiat deposits into HAYVN’s accounts can now be converted directly into cryptocurrencies.
HAYVN 20 Cryptocurrency Index fund
Earlier this year, the firm launched its HAYVN 20 Cryptocurrency Index fund which intends to offer clients a diversified, low-cost, and regulated strategy to invest in an index representing the top 20 cryptocurrency coins by market capitalization.
The launch comes as the cryptocurrency market has been making consistent upward moves in the last few days, with Bitcoin regaining the $20,000 handle, and up by 20% in the last seven days.
The HAYVN 20 fund has three important features:
- The fund limits the maximum exposure to any one digital asset at 10%. This risk management feature prevents outsized exposure to any one asset (such as Bitcoin and Ethereum) and creates a more balanced portfolio of the 20 largest cryptocurrencies.
- A second defining feature of the fund is monthly rebalancing. This allows HAYVN 20 to capture new trends in the market by increasing its investment in the emerging winners as their market capitalization grows, while reducing exposure to cryptocurrencies which are declining in value.
- Finally, the fund has daily liquidity which gives investors the freedom to change their allocation anytime.
