Binance crypto fund11/23/2023 Binance said Capital Connect will only be available in certain jurisdictions across Latin America and Asia Pacific, as well as Europe, Middle East, and Africa.īinance declined to provide specific jurisdictions in which Capital Connect would be offered.ĭon’t miss the next big story – join our free daily newsletter.įollow Sam Bankman-Fried’s trial with the latest news from the courtroom. Screenshot of the Capital Connect interface (source: Binance)Īllocators across the US are set to be left out, however. “Crypto investment funds” are portfolios composed of digital assets maintained by investment managers for their clients, they said. To participate, both investors and investment managers must complete Binance Institutional’s know-your-customer verification.Ī Binance spokesperson told Blockworks the platform defines “institutional investors” as entities that allocate funds on behalf of others: family offices, pension funds and the like, though specific definitions “vary from region to region.” Now, it only takes a few clicks to move your funds from Binance Pay and into the world of DApps that Trust Wallet unlocks. Binance Pay’s new Trust Wallet integration simplifies the process of moving your crypto between the two services. The platform is open to Binance VIP-level users, a status that starts by holding the equivalent of 200,000 BUSD in user accounts. For Binance and Trust Wallet users, crypto life’s just got a whole lot easier. ![]() ![]() “Increased capital flow in crypto asset funds will have positive spillover effects and benefit the entire ecosystem,” Chen said. Binance is rolling out a “self-service” platform aimed at connecting institutional capital with crypto funds.ĭubbed Capital Connect, the platform sets disclosure standards for market participants handling size, allowing investors to review detailed fund information before potentially opening lines of communication.ĭata on assets under management, performance records and minimum investment amounts are expected to be shared, among other details.Ĭapital Connect is targeted at asset and fund managers, brokers, hedge funds, family offices and high net-worth individuals, liquidity providers and corporations.Ĭhanging interest rates and macroeconomic conditions have increased institutional inquiries from investors with differing investment theses on digital assets, Catherine Chen, head of Binance VIP and Institutional said in a statement.
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