Spanish bank A&G launches its first crypto hedge fund, open to professional investors

ChainCatcher news, Spanish bank A&G, focused on private banking, has launched its first cryptocurrency hedge fund. The fund will be open to professional investors and will be audited by PwC. As of the end of 2022, the company's total assets amounted to €12.4 billion ($14 billion).

In 2022, the Bank of Spain began issuing licenses to virtual currency exchange and digital wallet custody service providers, with companies such as Bit2Me, Bitstamp, BVNK, Crypto.com, and Ripio receiving the license. (source link)