An investment company created by the German private bank Hauck & Aufhäuser Privatbankiers AG for digital assets and the fintech Kapilendo announced a joint launch of a cryptocurrency fund.
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We are excited to present together with @Privatbank1796 our first crypto-fund for professional and semi-professional investors. https://t.co/tZpNe0uu0L#cryptoadoption #investment #cryptoassets #investments #DigitalAssets #Bitcoin #Ethereum #stellar
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— Kapilendo Custodian AG (@k_custodian) December 3, 2020
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According to the press release, since January 2021 professional and semi-professional investors will be able to invest funds in a diversified portfolio of leading crypto assets, such as Bitcoin (BTC), Ethereum (ETH), Stellar (XLM).
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Hauck & Aufhäuser Innovative Capital GmbH will act as portfolio manager, and Kapilendo will act as custodian.
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The fund will adhere to a passive investment strategy, allocating cryptocurrency assets based on current market capitalization and other quantitative and qualitative criteria. The subscription period for investors is open-ended, with a minimum investment amount of €200 000.
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“We see that digital assets and cryptocurrencies are becoming increasingly attractive to institutional investors. With the launch of our first crypto fund together with Kapilendo, we are creating an investment instrument that provides our clients with affordable and secure access to a new asset class,” said a bank spokesperson.
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As reported in March, Germany’s Federal Financial Supervisory Authority (BaFin) classified digital assets as financial instruments.
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