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December 16, 2021updated 18 Jan 2022 5:03pm

Scalable Capital launches crypto offering

By Patrick Brusnahan

Digital wealth manager Scalable Capital has launched Scalable Crypto, an offering for investing in cryptocurrencies.

The offering exists within the current wealth management and neo-broker solutions. In addition, via user interfaces for web and mobile, the firm offers easy and secure access to crypto investments via Germany.

Scalable Crypto is targeted at all investors who want to take their investments into their own hands.

The firm combines well-known securities trading on an exchange with cryptocurrency, still unregulated in many ways. This brings crypto into a form of securities on the client’s existing custody account.

Furthermore, investors do not have to worry about the correct taxation of crypto securities. This is done automatically, similar to the taxation of shares or ETFs. Existing customers can start trading straight away without opening an additional account or identifying themselves again.

“We make trading crypto as easy as trading shares or ETFs,” says Erik Podzuweit, co-founder and co-CEO of Scalable Capital.

“Crypto currencies are well established as an asset class in a balanced portfolio. With ‘Scalable Crypto’, we are providing an affordable and intuitive offering to help even more people to enter the crypto world. The expansion is the next stage in our journey to become Europe’s leading digital investment platform.”

Scalable Crypto is in partnership with CoinShares, a Europe-based digital asset investment company.

In other crypto launches, Ritholtz Wealth Management (RWM) joined forces with WisdomTree to launch a new crypto index for retail investors.

Dubbed RWM WisdomTree Crypto Index, the new index will provide retail investors with access and diversified exposure to cryptoassets through a financial adviser.

RWM WisdomTree Crypto Index, which been licensed to Onramp Invest, is available for financial advisers using the Onramp technology platform to manage separate accounts of clients. It utilises custody infrastructure and crypto-native exchange of the cyptocurrency platform Gemini.

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