Latest news with #sophisticatedinvestors
Yahoo
10-08-2025
- Business
- Yahoo
El Salvador courts crypto's deepest pockets with new banking law
Three years after legalising Bitcoin as legal tender as a means to fold retail users into the crypto ecosystem, El Salvador is creating a separate lane for high-net-worth and institutional investors. The Legislative Assembly's newly approved Investment Banking Law allows licensed institutions with at least $50 million in capital to offer Bitcoin and other digital asset services. But not everyone will get through the door. Access will be restricted exclusively to so-called 'sophisticated investors' — those with at least $250,000 in freely available funds and accredited financial knowledge. Investment banks that meet the threshold will be authorised to issue bonds, arrange public–private partnerships, and provide or issue digital assets, including Bitcoin. The goal is to 'attract international private capital' and allow 'funds and high-net-worth actors to set up in the country or use our entities as regional platforms,' said lawmaker Dania González, adding that the reforms will help mould El Salvador into a specialised financial hub for the region. Bukele's power play The shift comes as President Nayib Bukele consolidates power at home. Earlier this month, lawmakers approved constitutional changes that extend presidential terms from five to six years and abolish term limits. It's a move that could theoretically keep the self-described Bitcoin evangelist in office for decades. Bukele's administration has also continued to expand the country's reported Bitcoin holdings despite agreeing to pause public purchases under a $1.4 billion loan deal with the International Monetary Fund. In its July Article IV consultation, the International Monetary Fund said the country is complying with the programme's requirement for 'non-accumulation of Bitcoin' by the public sector. Yet blockchain data from Arkham Intelligence shows the government now controls roughly 6,264 Bitcoin, worth about $739 million at current prices, up from around 6,160 in April. Some analysts suggest the latest increases may simply reflect coins being shuffled between wallets rather than fresh purchases since the IMF agreement was signed in December. Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Crypto Insight
10-08-2025
- Business
- Crypto Insight
Bitcoin investment banks coming to El Salvador — Gov regulator
Regulated Bitcoin investment banks are coming to El Salvador, following Thursday's approval of El Salvador's Investment Banking Law, which classifies investment banks under different regulations than commercial banks. Investment banks will now be allowed to hold BTC and other digital assets on their balance sheets and offer crypto services to 'sophisticated' investors, the equivalent of accredited investors in the United States, Juan Carlos Reyes, president of El Salvador's Commission of Digital Assets (CNAD), the government's crypto regulatory agency, told Cointelegraph. He added: 'The new Investment Banking Law allows private investment banks to operate in legal tender and foreign currencies for 'Sophisticated Investors' and to engage in digital assets like Bitcoin with a Digital Asset Service Provider (PSAD) license. With a PSAD license, a bank could choose to operate entirely as a Bitcoin bank.' The law encourages foreign investment in El Salvador and positions it as an emerging hub for finance, proponents of the newly adopted law say. Institutional investors have been a major driver of El Salvador's crypto adoption, as the Central American country attracts crypto companies and financial firms with its pro-crypto regulatory climate. However, critics say that BTC adoption in the country and the regulatory policies are not helping the average person and mainly benefit the government and large businesses. El Salvador forges international partnerships to drive crypto growth President of El Salvador, Nayib Bukele, met with Bilal Bin Saqib, Pakistan's state minister of crypto and blockchain, to share strategies for nation-state-level Bitcoin adoption and energy policy to foster crypto mining. 'The cooperation is essentially based on how emerging economies that are both under the IMF program can leverage technology and other financial instruments for national growth,' Bin Saqib told Cointelegraph in an interview. On July 30, Bolivia's central bank signed a memorandum of understanding with CNAD to promote the use of cryptocurrencies as an alternative to traditional fiat currencies. The agreement came amid a currency crisis in Bolivia, where US dollars are scarce and difficult to acquire, making international trade difficult. This has led to the growing use of US-dollar-denominated stablecoins as a medium of exchange, according to Tether CEO Paolo Ardoino. Source:
The Australian
06-08-2025
- Business
- The Australian
Silver Mines placement and SPP to raise $33M
Silver Mines completes $30m placement to institutional and sophisticated investors with a $3m share purchase plan to follow The placement had strong support from a number of highly credentialled investors both locally and internationally, and demand was in excess of funds raised by the company. Funds will fast-track Bowdens development and support exploration at US and NSW projects. Special Report : Silver Mines has raised $30 million through a strongly supported placement to institutional and sophisticated investors and will launch a share purchase plan (SPP) to raise up to an additional $3 million. Funds will be used to advance development at Bowdens Silver Project in New South Wales and support exploration across Silver Mines' broader portfolio in Australia and the US. Silver Mines (ASX:SVL) has secured $30 million in a strongly supported placement to institutional and sophisticated investors and will follow that with a $3 million share purchase plan (SPP). Demand for the Petra Capital managed raise was in excess of funds raised by Silver Mines and well supported by a number of highly credentialled investors within Australia and internationally. The company will also run an SPP to raise up to a further $3 million, giving eligible shareholders an opportunity to participate in the capital raising as silver prices surge. Funds will primarily go towards advancing development approvals and engineering studies at Bowdens – Australia's largest undeveloped silver deposit and one of the largest in the world, hosting a reserve of 71.7Moz. It's also one of the most highly leveraged to the silver price across the globe. Silver Mines will also continue exploration aimed at mineral resource growth across its recently acquired Calico North silver project and the Kramer Hills gold and silver project in the US, as well as its other NSW projects including Bara Creek prospect and Tuena project. Managing Director Jo Battershill said: 'We are very pleased with the outcome of this placement, which attracted support from a number of high-quality institutional and sophisticated investors both locally and abroad. 'This outcome reflects growing recognition of the significant value and development potential across our portfolio particularly with the Bowdens Silver Project. 'The proceeds will enable us to continue advancing the Bowdens Silver Project through to development, while also accelerating exploration activities in both Australia and our newly acquired assets in the United States. 'With a strengthened balance sheet and a clear focus on execution, Silver Mines is well positioned for the next phase of growth and value creation' The placement price of $0.12 per share represented a 16.3 per cent discount to the five-trading day volume weighted average trading price to 31 July 2025 and a 7.7 per cent discount to the last trading price of $0.13. SPP shares will be issued at the same price, with the offer period to open on 13 August. Targeting more growth Bowden's December 2024 optimisation study demonstrated robust, high-margin economics over 16.5 years. But Silver Mines believes there's strong potential to extend its resource base beyond the optimised pit shell given high-grade historical exploration results. The company is also keen to progress Calico North and Kramer Hills in California's mining friendly county of San Bernadino. Both host mineralisation with historical production plus kilometres of untested mineralised structures near surface and at depth, and Silver Mines will start exploration this quarter after completing the deals last month. Its 100 per cent owned Calico North spans approximately 20 square kilometres across one of the largest historic silver camps in the US and hosts extensive zones of high-grade silver-barite mineralisation. Barite has recently been classified by the US as a critical mineral given its importance in oil and gas drilling. Most supply currently comes from India and China. At Kramer Hills, Silver Mines has commenced an earn-in to acquire up to an 80 per cent interest in the asset. Kramer Hills has historic mine shafts extending for more than 4km along the fault zone and a target zone along a mapped fault zone of approximately 7km. The imminent work program at the US projects will focus on further target generation through mapping and geophysics before drilling starts in 2026. Silver Mine's broader exploration portfolio includes the Tuena Gold Project in New South Wales, where several drilling targets have already been identified, and an extensive 2,115 kilometre square metre regional tenement across the central area of the state. The company already had a healthy $19.3 million in cash and no debt before the placement, putting it in a very strong position to pursue development plans post the current raise. This article was developed in collaboration with Silver Mines, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Sponsored Rumble Resources is set to unlock significant critical minerals value at its Western Queen project, with high-grade assays confirming a major tungsten system. Sponsored Koonenberry Gold identifies six drill targets along Sunnyside Shear Zone as GAIP emerges as a likely targeting tool at the Enmore project.
Bloomberg
12-06-2025
- Business
- Bloomberg
Harvard and Yale Will Finally Lift the Veil on Private Assets
If I told someone with even a little investing experience that I own an asset that pays like stocks but is stable like bonds, they would probably think I was a huckster or a fool. Yet many of the most sophisticated investors claim to own such a thing. I'm referring to private assets, a broad group that includes stakes in companies, loans to businesses and physical commodities, which are often the biggest holding in pension and university endowment portfolios. The allure of private assets isn't necessarily superior performance relative to comparable investments in public markets. Rather, it's that, because they don't trade on volatile public markets, portfolio managers can pretend that their private investments don't fluctuate much in value — and that any changes are mostly to the upside.
