Societe Generale Group Bank to Issue DLT ETN

London-based Kleinwort Hambros announced exchange traded note will be used to invest in companies that can profit with blockchain technology
08 April 2019   584

Kleinwort Hambros, a private bank and asset manager that is part of the Societe Generale group, has launched a blockchain-oriented exchange traded note (ETN) with active management.

London-based bank announced that ETN, listed in Luxembourg, will be used to invest in companies that can profit from the development and distribution of blockchain technology.

Initially, ETN will include 20 shares, distributed across technology, logistics, oil and gas, custodial and industrial sectors.

We have seen increasing interest from clients in the area of blockchain and we are very excited to be able to cater to this demand with the launch of our first blockchain note. We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers, while maintaining the rigorous active management our clients expect.
 

John Birdwood

Portfolio Manager, Kleinwort Hambros

The product is available only to current and future customers of the bank, and the minimum investment amount in it is £ 1 000.

Qu Capital to be Acquired by the Genesis

Qu Capital was applicating the “state-of-the-art statistical techniques” to identify and trade inefficiencies across asset classes
20 September 2019   135

OTC cryptocurrency trading service Genesis Global Trading acquired the analytical firm Qu Capital.

Genesis will add Qu Capital's tools, including machine learning algorithm and other technologies, to existing products and new offerings, reports The Block.

This acquisition is the latest effort to bolster our technology capabilities and intellectual firepower in order to better serve clients in an increasingly competitive marketplace.
 

Michael Moro
CEO, Genesis

Qu Capital was engaged in the application of “state-of-the-art statistical techniques” to identify and trade inefficiencies across asset classes.

The deal was the first acquisition of Genesis. The company does not disclose its terms