“We made this investment specifically to accelerate the timeline by which we can expand crypto trading capabilities for our wealth management clients,” Urbanaki said.
CI’s current shelf of cryptocurrency solutions includes three ETFs and two mutual funds. The firm’s asset-management arm, CI Global Asset Management, became the first company in the world to offer both ETFs and mutual funds that invest directly in bitcoin and ether, the world’s two largest cryptocurrencies by market capitalization.
A reliable low-cost crypto asset trading platform for Canadians, Newton makes it easy for people to access fiat on-ramp and off-ramp, buy and sell crypto from a list of over 60 crypto assets, and trade at any Makes it easy to withdraw or deposit crypto assets. device.
In addition to CI, Newton Crypto’s Series B funding round was led by DV Chain’s partners and included Singh Capital Partners, Anthony Pompliano, Tiny Capital and Snowdevil Capital, which was founded by Shopify co-founder Tobias Lutke.
Dustin Walper, Co-Founder and CEO of Newton, said, “Through this financing, we are thrilled that we were able to not only grow our relationships with existing partners and attract new top-tier investors, but also a strategic We also welcome CI Financial as an investor.” ,