UK startup Stratiphy to enable UK investors to hold cryptocurrencies in Individual Savings Accounts
According to the Financial Times, UK-based startup Stratiphy will offer both cryptocurrency exchange-traded notes (ETNs) and innovative finance ISAs (IF ISAs), enabling investors to hold crypto assets within capital gains tax-free accounts. Stratiphy provides three ETNs issued by 21Shares—the largest European crypto ETP issuer—which track Bitcoin, Ethereum, and a Bitcoin-and-gold composite product. The platform currently manages approximately £4 million in assets and serves around 2,000 clients.
In October last year, the UK’s Financial Conduct Authority lifted its four-year ban on retail investors purchasing exchange-traded notes (ETNs).
