FINMA has approved the first Swiss crypto fund. This was announced by Zug-based Crypto Finance in a press release. It is manager of the fund. The fund is the result of a close cooperation with the SEBA Bank, also based in Zug, which is providing custody for the fund. The fund is administered by Zurich asset manager Pernet von Ballmoos under the supervision of FINMA.
This “all-Swiss venture” makes it possible for institutional and professional investors to participate in this digital asset class. “The investment fund enables clients of innovative wealth and asset management firms to participate in this upcoming asset class and to further diversify their portfolio in a secure and regulated way,” said Bernadette Leuzinger, CEO of Asset Management at Crypto Finance.
This passively managed investment fund from Crypto Finance tracks the performance of the Crypto Market Index 10, which is administered by the SIX Swiss Exchange. Crypto Finance has reportedly made it their mission to enable crypto asset management of a quality and security comparable with investment products in traditional markets.
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