Abra Partners with Leonie Hill Capital to Increase Access to Crypto and High Yield Lending Markets | Company

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MOUNTAIN VIEW, Calif. And SINGAPORE – (BUSINESS WIRE) – August 2, 2021–

Abra ( https://www.abra.com/ ), a leading wealth management platform with functionality to buy, sell, trade and earn interest on cryptocurrencies, today announced a new partnership with Capital of Léonie Hill, an independent investment firm dedicated to adopting dynamic approaches in extremely competitive markets. The partnership will expand the presence of Abra’s rapidly growing wealth management application to users of the Asian crypto market – particularly institutional investors, high net worth investors and family offices – who will benefit from secure custody, crypto lending, buying, trading, borrowing and the ability to earn up to 8% interest on escrow deposits.

“Leonie Hill Capital (LHC) has a strong background in fund management and specializes in disruptive business investments, particularly in regulated environments,” said Bill Barhydt, Founder and CEO of Abra. “We believe their expertise and network in Asia make them a key strategic partner for Abra to reach this market with our services. “

LHC’s access to the Asian market along with its regulatory expertise will help expose Abra to Asian-based institutions and family offices, enabling them to leverage crypto as a primary asset class through technology. Abra Wealth Management. LHC and Abra will also work together to create institutional grade financial and technology products for Asian companies looking to gain exposure to cryptocurrency through cash reserves.

“Abra’s wealth management tools make it easy to manage and quickly access crypto and fiat assets without friction or hidden fees,” said Wee-Meng Thoo, chief investment officer at Leonie Hill Capital. “These benefits are especially valuable to the Asian crypto market, which has struggled with services that allow cash liquidity. We hope that our collaboration with Abra will help resolve these issues for Asian investors.

Abra now includes a wide range of wealth management services such as Abra Borrow, an in-app feature that allows crypto to be used as collateral to borrow fiat against digital assets with an unprecedented interest option of 0. % on loans against Bitcoin and Ethereum. Abra Trade provides users with access to crypto exchanges and a seamless experience with no trading experience required and an easy ramp. Abra Earn consistently offers the highest returns of any crypto service provider with US dollar stablecoin rates currently at 8% per annum.

For more information about Abra and to download the app, please visit: https://abra.com/.

ABOUT ABRA

Abra is a financial services and technology company that operates a hosted all-in-one cryptocurrency wallet and access to exchange services. Abra is the world’s first global investment app that simplifies cryptocurrency investing. Abra’s easy-to-use app gives users unprecedented access to hundreds of cryptocurrencies, offering the freedom to buy, sell, trade, earn and borrow anywhere, no anytime. Founded in 2014 with global headquarters in the San Francisco Bay Area, Abra is available in more than 150 countries. Investors include American Express Ventures, First Round Capital, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, DCG and many more. For more information visit https://www.abra.com/.

About Léonie Hill Capital

Leonie Hill Capital is a registered fund management company overseen by a management team with over 60 years of experience in global markets with headquarters in Singapore and representative offices in Switzerland, Japan and the United States. , with over $ 2 billion under management. LHC’s activities include global hedge funds and private equity.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210802005771/en/

CONTACT: Suzanne Pinto

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KEYWORD: NORTH AMERICA UNITED STATES ASIA PACIFIC MALAYSIA SINGAPORE CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY FINANCE SOFTWARE INTERNET BANKING

SOURCE: Abra

Copyright Business Wire 2021.

PUB: 02/08/2021 18: 00 / DISC: 02/08/2021 18:02

http://www.businesswire.com/news/home/20210802005771/en

Copyright Business Wire 2021.


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