The cryptocurrency’s smaller market cap and the need to get the products approved by wealth platforms likely means any widespread adoption will take a year.

Dynasty Investment Bank advised Abacus, which launched a wealth management division last year, on the deal with Carlisle Management.

Mo Sparks, the former director of exchange-traded products at the NYSE and a Vanguard veteran, will lead the initiative.

The alternative asset investment behemoth also teased two new strategies aimed at wealth clients to launch in 2025.

Through the end of May, just over 100 ESG funds were launched this year, well short of the 566 launches during all of 2023.

Ashton Thomas Private Wealth has become the latest RIA to adopt the alternative investment platform.

BlackRock’s plans to leverage its recent acquisition of Preqin to build private market ETFs have drawn skeptics, reports the Financial Times. Fortune profiled nine executives in the burgeoning private credit arena. These are among the investment...