The digital asset service platform Abra has launched a financial service called Abra Treasury

ChainCatcher news, according to CoinDesk, digital asset service and wealth management platform Abra has announced the launch of Abra Treasury, which will provide services for businesses looking to hold cryptocurrencies as reserve assets on their balance sheets. The service will be operated by Abra Capital Management, a registered investment advisor with the U.S. SEC, offering a range of digital asset financial management solutions for businesses, family offices, and non-profit organizations.

The company stated that the products of Abra Treasury combine custody, trading, lending, and yield services, allowing clients to hold their cryptocurrencies in separately managed accounts, thereby enabling them to retain ownership of their digital assets.