SCGLF - Societe Generale launches services to let asset managers offer crypto funds

• In response to increased interest from investors who want to integrate cryptocurrencies in their portfolios, French lender Societe Generale ( OTCPK:SCGLF ) has introduced new services for its asset manager clients looking to develop crypto-based funds, according to a recent release .
• Those services allow asset managers to act as a fund custodian, valuator and liability manager "in a simple and adapted manner, within the European regulatory framework," the bank said.
• Arquant Capital SAS, a French asset manager, adopted Societe's ( OTCPK:SCGLF ) service enabling it to open a number of crypto-invested funds, starting with bitcoin ( BTC-USD ) and ethereum ( ETH-USD ) derivatives products.
• The move comes off the back of BNP Paribas' ( OTCQX:BNPQF ) ( OTCQX:BNPQY ) move to team up with crypto custody firm Metaco .

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