• Thu, 27 Jun 2019, 06:12 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Société Générale-owned Kleinwort Hambros launches actively managed blockchain note

Image Via Guernsey Press

Mon, 08 Apr 2019, 11:49 am UTC

Kleinwort Hambros, a Société Générale-owned private bank and wealth manager, has launched a new Luxembourg-listed, actively managed blockchain note.

In its press release dated April 08, Kleinwort Hambros said that the exchange-traded note (ETN) will be available exclusively to existing and prospective clients for a minimum investment of £1,000 GBP.

The objective, it said, is to give investors the opportunity to gain market access to the companies which could profit most from the development and adoption of blockchain technology.

The initial basket of stocks will comprise of 20 companies, which stand to benefit from the potential growth of blockchain – either through the sale of software services, or through the improvement in margins that the installation of blockchain technology may produce.

These carefully selected companies will span multiple industries and countries, and will be drawn from sectors including technology, shipping, oil and gas, custody banking and industrials.

The blockchain ETN will be actively managed by the Kleinwort Hambros investment team.

“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,” John Birdwood, Portfolio Manager at Kleinwort Hambros, said.

“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.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $12,809.70 (+1.67%)
  • Ethereum (ETH) $332.75 (+0.11%)
  • XRP (XRP) $0.460900 (-3.05%)
  • Bitcoin Cash (BCH) $475.78 (-2.73%)
  • Litecoin (LTC) $128.55 (-5.15%)
  • Bitcoin (BTC) $12,809.70 (+1.67%)
Jun 27, 2019 (Thursday)
06:07
Coinbase Pro now supports Chainlink (LINK) trading
05:13
CoinMarketCap acquires Hashtag Capital to enhance crypto data offering
04:20
Blockchain startup dfuse raises $3.5M, led by Multicoin Capital and Intel Capital
03:41
CZ: 'the future is here' as Binance transfers $1.2B in BNB in 1 second for $0.01
03:37
Square rolls out bitcoin deposits for all Cash App users
Jun 26, 2019 (Wednesday)
12:45
Opera launches blockchain-ready browser for iOS
12:16
Crypto Technicals: ETH/USD hits new 10-month highs at 340, eyes 396 (23.6% Fib)
11:14
Northern Trust hands over private equity blockchain technology platform to Broadridge
10:06
Amun launches new ETP using Bitwise 10 Select Large Cap Crypto Index
09:08
Startup Lolli partners with Hotels.com to reward travelers with bitcoin
09:04
SWIFT to give blockchain-based firms access to its GPI payments
08:52
Germany's CDU and CSU Union wants to incorporate blockchain in public services
07:46
Crypto firm LedgerX obtains CFTC approval for physically-settled derivatives contracts
07:45
Crypto Technicals: XMR/USD fails to track gains in Bitcoin, slips below 100, bias turning bearish
06:54
EY to utilize Guardtime’s blockchain, Sensyne Health’s AI for outcome-based health payments
06:35
Q2 Solutions, HSBlox, and R3 successfully conduct proof-of-concept blockchain application in clinical research
06:20
TP ICAP enters crypto business to trade bitcoin futures
06:04
Israeli brothers arrested for 2016 Bitfinex hack, global retrieval effort underway
05:32
Paysend acquires blockchain firm Rapid SD following stablecoin launch
05:31
Crypto Technicals: Bitcoin takes out $12,000 mark, bulls eye 61.8% Fib at $13,488
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft