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Cryptocurrency Lender Abra Buys Valkyrie’s Tron (TRX) and Zilliqa (ZIL) Trusts

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4 months ago

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Cryptocurrency trading platform Abra said it has acquired several private cryptocurrency trusts from Valkyrie Investmentsshortly before reaching a settlement with 25 U.S. state financial regulators for operating without proper licenses.

Abra Capital Management LP acquired a number of active trusts from Valkyrie in May, Marissa Kim, Abra’s head of asset management, said in an emailed response to questions from Bloomberg News on Friday. The deal included Valkyrie’s Tron and Zilliqa trusts, Kim said, as well as several trusts that have not yet been launched.

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