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Binance is introducing a new platform aimed at linking institutional investors with cryptocurrency investment fund managers.
Upon its launch, the platform, named ‘Capital Connect,’ will be accessible to Binance VIP-level users, which include asset and fund managers, brokers, hedge funds, family offices, high net-worth individuals, liquidity providers, and corporations.
Binance’s Complimentary Service for VIP Clients
As stated in the official blog post, the service will be offered at no cost to all current Binance VIP clients in non-restricted areas. This indicates that the cryptocurrency exchange will not impose any fees or commissions. Binance VIP-level users who have completed the verification process may request access to the platform as either an Investor, an Investment Manager, or both.
As an Investor, users will have the ability to explore various funds and enhance their portfolio allocations. They can also select Investment Managers based on strategies, redemption conditions, fees, assets under management (AUM), and Sharpe Ratios.
Only Investors can initiate connection requests, after which Investment Managers can review the investors’ profiles before accepting a connection. Investment Managers must provide records of monthly returns validated by reputable fund administrators. This information can aid investors in assessing a fund’s historical performance.
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On the other hand, Binance will not participate in any discussions between parties once a successful connection has been made. The cryptocurrency exchange also stated that it will not assure any investment returns.
“With Capital Connect, one of our goals has been to provide a new way for Investors and Investment Managers to connect. We hope this will also demonstrate our commitment to supporting the growth and adoption of digital assets.”
FUD and Expansion
This latest initiative comes as Binance is experiencing significant pressure from US regulatory authorities.
Investing money and resources into global compliance over the past year has enabled Binance to secure approvals in several European jurisdictions, including France, Italy, Lithuania, Spain, Cyprus, and Poland.
The company, led by CZ, is also planning to reenter the Japanese market after June this year through its acquisition of the regulated cryptocurrency exchange Sakura Exchange BitCoin.
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