Latest news with #BillBarhydt
Malaysian Reserve
02-05-2025
- Business
- Malaysian Reserve
Abra Joins the Borderless.xyz Network, Deepening Stablecoin OTC Liquidity in the US
NEW YORK, May 2, 2025 /PRNewswire/ — a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), has officially welcomed Abra, a premier U.S. digital-asset prime broker, to fortify orchestration network with institutional-grade dollar liquidity. By plugging Abra's high-touch OTC desk and compliant banking rails into single-API platform, financial institutions, payments companies, fintechs, and corporates gain access to deep USD order books, highly competitive spreads, and a white-glove trading experience—dramatically boosting the depth and resilience of U.S. corridors. 'Institutions increasingly need reliable, on-shore liquidity for sizable stablecoin transactions,' said Kevin Lehtiniitty, CEO of 'Abra brings top-tier OTC execution and competitive pricing across major USD pairs. Embedding their infrastructure into the Network significantly enhances our U.S. rails—ultimately lowering costs and improving execution quality for everyone involved.' 'At Abra, we strive to make large-scale crypto and stablecoin trades compliant, seamless, and cost-effective,' added Bill Barhydt, Founder & CEO of Abra. 'Joining global stablecoin network underscores our commitment to interoperability and efficiency. Together, we're simplifying complex OTC flows for businesses moving value into and out of the United States.' This collaboration marks another milestone in mission to unite the world's leading stablecoin innovators under one network. By connecting diverse liquidity venues into a cohesive global system, is making cross-border and domestic payments faster, simpler, and more cost-effective for all. About is a leading global payments infrastructure company designed to facilitate transactions using internet-native money, including stablecoins and real-world assets (RWAs). Covering more than 50 countries and 23 currencies, mission is to empower builders to create efficient money movement, deliver stable currencies to emerging markets, and drive the transition to on-chain banking. is backed by Amity Ventures, along with executives of leading companies such as Michael Shaulov of Fireblocks, Johnny Ayres of Socure, and Anton Katz of Talos. To learn more, visit About Abra Abra is a U.S.-based digital-asset financial services firm specializing in institutional-grade OTC trading, prime brokerage, and treasury solutions. Trusted by hedge funds, corporates, and family offices, Abra pairs deep USD liquidity with white-glove execution, compliant banking rails, and rigorous security standards. Since 2014, the company has facilitated billions of dollars in large-block crypto and stablecoin transactions, giving clients seamless on- and off-ramps to the global digital-asset economy. Discover more at Contact Sarah CohenSJC PRsarah@ Photo – –
Yahoo
18-02-2025
- Business
- Yahoo
Abu Dhabi wealth fund reveals $460 million Bitcoin purchase
The race for wealth funds around the world to scoop up Bitcoin may finally be on. Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, revealed itself to be the seventh largest holder of shares in BlackRock's Bitcoin ETF, according to a new 13-F filing. According to Abra founder and CEO Bill Barhydt, that could potentially trigger others to potentially increase allocations this quarter. "Basically what they're saying is ... 'we accept Bitcoin as an asset,'" he told Coinage on Monday, speculating that other sovereign wealth funds could potentially follow suit. "I wouldn't be shocked if Norway and Singapore didn't also [buy Bitcoin.]" Back in the U.S., Elon Musk was seemingly laying the ground work for a potential push into justifying a Atrategic Bitcoin Reserve. He shared a meme on X Monday joking about what he might find if the Department for Governent Efficiency were to audit Fort Knox for the county's gold reserves. "This gold is the property of the American people. I sure hope it's still there!" Musk wrote. Strategy CEO Michael Saylor responded saying, "Bitcoin fixes this." For his part, Barhydt was skeptical that much progress might be made this quarter in the U.S. advancing any meaningful recommendations to acquire more Bitcoin. "The U.S. is going to at least at a minimum hold on to the Bitcoin we have," he said. "You know we're going to try to buy more, but I think it's going to be harder than people think." President Trump's working group is expected to make an official recommendation on digital assets some time in the next few months. Sign in to access your portfolio
