CI acquired the minority bet on in Newton as separate of a US $ 20 million Series B fund round completed on February 4, 2022. The fund polish, led by partners with DV Chain, LLC, brought Newton ’ s valuation to approximately US $ 200 million. “ This investment in Newton reinforces CI ’ s committedness to strengthen our leadership side in digital assets in Canada, ” said Darie Urbanky, CI President and Chief Operating Officer. “ Cryptocurrencies and blockchain are transforming the world of finance and we ’ rhenium excited to expand entree for investors to this growing category.
“ We made this investment specifically to accelerate the timeline by which we can extend crypto trade capabilities to our wealth management clients. ” CI Global Asset Management ( “ CI GAM ” ) became the first ship’s company in the world to offer both ETFs and reciprocal funds investing directly in Bitcoin and Ether, the world ’ s two largest cryptocurrencies by grocery store capitalization. Today CI offers an industry-leading suite of cryptocurrency solutions consisting of three ETFs and two reciprocal funds. For more information, inflict www.ci.com. The fiscal terms of the transaction were not disclosed. About Newton Crypto Newton operates a sure low-cost crypto asset trade platform for Canadians, offering a simple and easy manner for individuals to on-ramp and off-ramp decree, buy and sell crypto from a tilt of over 60 crypto assets, and withdraw or situate crypto assets, on any device, with access to some of the best prices for crypto assets in Canada.
About CI Financial CI Financial Corp. is an desegregate global wealth and asset management company. CI managed and advised on approximately C $ 384.1 billion ( US $ 304.0 billion ) in client assets as at December 31, 2021. CI ’ s primary asset management businesses are CI Global Asset Management ( CI Investments Inc. ) and GSFM Pty Ltd., and it operates in canadian wealth management through CI Assante Wealth Management ( Assante Wealth Management ( Canada ) Ltd. ), CI Private Counsel LP, Aligned Capital Partners Inc., CI Direct Investing ( WealthBar Financial Services Inc. ), and CI Investment Services Inc. CI ’ s U.S. wealth management businesses consist of Barrett Asset Management, LLC, Balasa Dinverno Foltz LLC, BRR OpCo, LLC, Bowling Portfolio Management LLC, Brightworth, LLC, The Cabana Group, LLC, CPWM, LLC, Congress Wealth Management LLC, Dowling & Yahnke, LLC, Doyle Wealth Management, LLC, Gofen & Glossberg, LLC, Matrix Capital Advisors, LLC, McCutchen Group LLC, OCM Capital Partners, LLC, Portola Partners Group LLC, Radnor Financial Advisors, LLC, RegentAtlantic Capital, LLC, The Roosevelt Investment Group, LLC, RGT Wealth Advisors, LLC, R.H. Bluestein & Co., Segall Bryant & Hamill, LLC, Stavis & Cohen Private Wealth, LLC, and Surevest LLC.
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