Schroders acquires a minority stake in the Forteus Manager focused on digital assets

Schroders has acquired a minority stake in Forteus, an investment manager who focuses on digital assets to check the issue of digital brands to investors.

The asset manager listed in the FTSE 100, who managed £ 731.6 billion in the customer order, announced on Tuesday that he invested in the company based in Zurich, which specializes in blockchain technology and digital investments.

The deal is part of a push of Schroders to develop research in this sector and to develop a strategy for tokenization, the process of issuing digital tokens to investors instead of traditional stocks or fund shares.

"We saw top investment funds," said Peter Harrison, Chief Executive from Schroders, in an interview. He found that money was shifted from investment funds to personalized portfolios and added that this would increase with the increasing introduction of the LEDGER technology.

The investment is made while the cryptoma markets have experienced a dive, with analysts comparing them with the 2008 financial crisis for the digital asset sector. The tightening of central bank policy has led to investors flee from risky assets, which has led to a brutal sale of risky tokens since the beginning of the year.

The total value of the cryptoma markets fell from a maximum of more than $ 3 trillion to less than $ 1 trillion in November, while Bitcoin - the largest cryptocurrency - lost about 70 percent of its value.

Markt crash brought the crypto prices back to a level that has not been seen since 2017 and met several large companies and projects, including the crypto loan Celsius, who registered bankruptcy in the USA last week.

Harrison said he was not concerned about the sale. "This deal is not about cryptocurrencies. It's about how we make tokenization a mainstream." He said that the focus on blockchain is "as a property" and not on cryptocurrencies "as a means of payment".

FORTEUS is the Fund Management branch of the NUMEUS Group, an investment company for digital assets based in Switzerland, which is led by Nobel Gulati, the former managing director of Two Sigma Advisers.

The deal comes about because the British asset management industry is urging the government to found a new fund class with blockchain technology.

The Investment Association, the British trade organization for asset management, almost 10 organic. These will issue digital tokens to investors instead of traditional stocks or fund shares.

Blockchain technology can open up access to assets such as alternatives that are usually reserved for wealthy investors, since the minimum investments can be reduced after their tokenization.

The Franklin Templeton, based in California, launched the first US investment fund in April last year to use the blockchain to process transactions and to recording the equity property.