The first mobile-focused personal wealth manager exclusively for crypto assets, B21, has announced a partnership with Salus Alpha, a licensed and regulated investment provider for retail and institutional clients.
Through this partnership, B21 will list Salus Alpha’s Smarter than Crypto (STC) top 20 by market cap index fund, an actively managed closed cap fund for retail investors. In addition, Salus Alpha will provide the license framework for B21 to create its own funds on the B21 platform, improving its fund management capabilities.
“By partnering with Salus Alpha, we’re able to accelerate the deployment and expansion of the B21 platform, in particular giving our customers the option to include funds in their portfolios,” says Miles Paschini, Co-Founder of B21. “We look forward to a long and successful collaboration with Salus Alpha with the shared goal of onboarding new investors into the cryptocurrency ecosystem.”
“The B21 platform as such and its strong professional team fulfils our institutional requirements and the gap between traditional wealth management and the crypto world. We are excited to list our strategy with a 15-year track record in the hedge fund space which we have ported to the crypto space as Smarter Than Crypto fund (“STC”). Together, B21 and Salus Alpha will raise the quality bar in the crypto space to the max,” says Oliver Prock (pictured), CEO and Founder of Salus Alpha.
The STC crypto asset investment fund is an actively managed closed-cap fund for retail investors. B21 will list the STC Fund on its platform, and Salus Alpha also provide B21 the licensing capabilities to ‘white label’ funds in the B21 name. With this capability, B21 intends to introduce bespoke crypto funds including ICO funds to provide its customers access to early stage investments.
B21 writes that it is a mobile-focused investment platform that allows anyone to create their own portfolio of cryptocurrencies, including Bitcoin, Ethereum, EOS and many others. The offering will now include fund options. B21 says that much like traditional investing apps and services, B21 lets users set goals, contribute funds, and track progress through an easy-to-understand dashboard.
The B21 wealth manager provides tailored news and education to users based on in-depth research into individual tokens. This helps users build a portfolio catered to their risk preferences and investment goals. B21 will also offer additional personalized portfolio services for high-net-worth clients. At launch, the app will be available for iOS and Android and investors will be able to fund their accounts in their own local currency.
B21 has applied for a DLT license from the Gibraltar Financial Services Commission (GFSC) to comply with governmental regulations covering protection of customer assets, segregation of customer and company funds, maintaining robust and accurate transaction records, and cold storage of customer funds. By acting as a custodian, B21 eliminates the need for people to hold their own private keys. The company’s full transparency data will be published on the EOS blockchain.
B21’s eponymous token will be used as the only form of settlement between the B21 platform and users within the B21 ecosystem. The token will be used by investors to settle fees, and to incentivize and reward referrals and engagement on the platform. The B21 token is currently available in private-sale.
