Exclusive: EctoLabs to open an institutions-only venue, with a $50m minimum and no retail door

• Institutions only, no retail access, minimum allocation of $50m
• Client assets held in segregated accounts, fully separated from company funds
• Custodian and licensing arrangements not yet disclosed; the company says they will come before testing

The two-year-old crypto infrastructure company confirms its institutional channel enters closed testing in the fourth quarter. Founder Chen An (C. A.) says fees were never what institutions were stuck on.