Bitstamp, a Luxembourg-based bitcoin exchange, has announced its collaboration with leading European asset servicing bank CACEIS, which is a part of Crédit Agricole SA, in order to launch corporate bitcoin investments.

The new partnership paves the way for new investment possibilities for the fund management community. Under this, fund promoters will have an opportunity to accept bitcoin investments from retail and corporate clients into their investment funds, the release stated.

“Corporate investors are constantly on the lookout for innovative investment solutions, which is why CACEIS is delighted to be partnering with Bitstamp, Europe’s only fully-licensed bitcoin exchange, to provide a secure and regulated framework for those keen to make bitcoin investments,” Joe Saliba, CACEIS Deputy CEO in charge of business development, said.

Bitstamp has been providing support to investors with bitcoin investments, which makes the partnership an exciting opportunity for fund promoters to source new capital inflows. Also, corporate investors are required to use CACEIS as their transfer agent in order to be eligible for this new service. The new corporate bitcoin investment service is scheduled to go live in the second quarter of 2017.

“This partnership represents a first important step towards serving regulated institutional clients, and it is an honor and a privilege for us to be CACEIS’s first ever bitcoin exchange partner,” Nejc Kodrič, CEO of Bitstamp, stated.

Last month, Bitstamp expanded its debit/credit card purchasing functionality in numerous countries beyond EU including Switzerland, Norway, Hong Kong, China, Singapore, Taiwan, South Korea, Australia, Saudi Arabia, India, Jordan, the Bahamas, Bahrain, French Polynesia, Ecuador, among various other countries.