Abra’s Bill Barhydt says Wall Street’s next crypto bet is tokenization
As Abra prepares for a Nasdaq debut, CEO Bill Barhydt is betting tokenized yield products and onchain lending will drive the next phase of crypto wealth management.
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Abra
As Abra prepares for a Nasdaq debut, CEO Bill Barhydt is betting tokenized yield products and onchain lending will drive the next phase of crypto wealth management.
Abra has agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform, owned by Plutus Lending, inappropriately pushed Abra Earn to customers when the product qualified as a security that should have been registered, the agency said Monday.
The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.
Crypto investment platform Abra and its founder and CEO William “Bill” Barhydt have settled with 25 state financial regulators for operating its mobile application without the proper licenses, according to a Wednesday announcement from the Conference of State Bank Supervisors (CSBS).