Switzerland-based Crypto Fund AG announced that it is launching the Cryptocurrency Fund that will be based on Cryptocurrency Index and intends to invest in most important cryptocurrencies like bitcoin, Ether, Ripple, among others.
With the launch of Cryptocurrency Fund, the company will offer an index-based, passive product according to the Swiss Collective Investment Schemes Act, that will offer regulated access to virtual currencies for professional investors.
The Cryptocurrency Index is calculated and invests in the largest virtual currencies by market capitalization and liquidity. With this, high level of diversification is ensured to a reduced volatility of the fund, while ensuring ability to benefit from the emergence and high growth rate of new cryptocurrencies.
“We recognized the growing demand of qualified investors for a regulated and transparent gateway to cryptocurrencies and realized that hat we need to adopt this new underlying to a proven and recognized legal framework allowing qualified investors to invest in cryptocurrencies,” Jan Brzezek, CEO of Crypto Fund AG, explained. “The Fund will be highly diversified and will not list on an exchange and exclusively target qualified investors.”
The Swiss Fund will be registered with FINMA and symbolizes first diversified investment vehicle for digital assets that are available to professional investors.
The team will be headed by cryptocurrency expert Brzezek, who has been nominated as Group Innovation Expert by UBS. He will join with his group members and supported by well-known Swiss entrepreneurs including Tobias Reichmuth, CEO and Founder of the successful infrastructure fund manager SUSI Partners AG, fintech expert and investor Marc P. Bernegger, and other senior banking industry professionals.
“The Cryptocurrency Fund will be the first regulated fund globally which provides a safe and easy access to the rapidly growing cryptocurrency world,” Reichmuth, said.
The company said that it will be launching the Fund for Q4 2017 and that initial discussions with FINMA have already taken place.
