Cartwright Corporate Treasury has entered the digital assets market after being appointed to run the Bitcoin treasury of UK-listed Connecting Excellence Group (XCE).
The move comes as XCE transitions towards a more institutional set up to support its future treasury plans and bolster its Bitcoin executive recruitment division.
“More and more companies are realising that traditional treasury assets are no longer delivering positive real returns and are not protecting the value of company reserves,” said Arash Nasri, head of corporate treasury at Cartwright Corporate Treasury.
“We are seeing those companies exploring alternative approaches to managing their reserves, diversifying their balance sheets and future-proofing their business models.”
The partnership will see Cartwright responsible for research and regulated advice on custody and liquidity providers, as well as facilitating Bitcoin purchases and ongoing treasury implementation.
“We believe Bitcoin is the best long-term treasury asset for delivering real value to our shareholders and strengthening our financial position,” said Scott Ellam, chief executive of XCE.
“Working with Cartwright has given us the confidence and expertise to do this safely and strategically.”
Following an initial phase covering provider selection, set up and optimisation of existing Bitcoin holdings, Cartwright has begun supporting further purchases and secure custody in line with XCE’s treasury strategy.
Sam Roberts, director of investment consulting at Cartwright spoke at the inaugural Capital Pioneer Digital Assets Summit, exploring the closing gap between traditional and decentralised finance. Find here CaPio’s coverage of the event’s original insights.
