Asset Manager says It is an extraordinary performance regulation
Asset Manager says It is an extraordinary performance regulation
Crypto fund: Asset Manager says "It is an extraordinary performance" "loading =" lazy ">
The Swiss financial market supervision (FINMA) approved the first Swiss crypto fund. It is managed by the asset manager Crypto Finance and kept by Seba Bank. "Finma has approved a Swiss fund for the first time, which mainly invests in crypto-assets," said the regulatory authority.
First of Swiss law approved crypto fund
The Federal Financial Authorization (Finma) announced on Wednesday that "she approved the first cryptofonds under Swiss law". The supervisory authority stated:
FINMA approved a Swiss fund for the first time, which mainly invests in crypto-assets.
The Finma said that the fund is called "Crypto Market Index Fund" and that it is an "investment fund in the Swiss law of the category 'other funds for alternative systems' with special risks".
The financial supervisory authority added that some requirements were linked to the approval. For example, the fund can "only invest in established crypto-assets with a sufficiently large trading volume". In addition, the investments via "established counterparties and platforms", based in member countries, must be made by the Financial Action Task Force (FATF).
The Crypto Finance (Asset Management) AG announced on Wednesday the launch of the Swiss cryptofond approved by FINMA. It is managed by the PVB Pernet from Ballmoos AG with Seba Bank AG as a custody account and crypto finance as a manager. Crypto finance described:
for Crypto Finance as the first asset manager who has launched a Swiss crypto investment fund, it is an exceptional performance to launch this crypto stakeholders together with strong Swiss partners.
The fund is reserved for qualified investors, such as Swiss asset management banks, asset managers, pension funds and other professional investors, "who together manage several trillions of CHF", as Crypto Finance explains and adds in detail:
This passive investment fund from Crypto Finance shows the performance of the Crypto Market Index 10, which is managed by the SIX Swiss Exchange.
On the Börse website, it says: “The aim of the Six Crypto Market Index 10 is to reliably measure the performance of the largest and most liquid crypto-assets and tokens and to provide an investable benchmark for this investment class. related. "
In the meantime, Seba Bank announced on Tuesday that "the approval as a custodian bank for Swiss collective investments in accordance with Art. 72 KAG (KAG)." The bank added: "This is the first license to grant the Federal Financial Market Supervision (FINMA) of a custodian bank with a focus on digital assets in Switzerland."What do you think that Finma approved the first Swiss crypto fund? Let us know in the comment area below.
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