Crypto Fund AG, a new Swiss-based cryptocurrency fund to be registered with FINMA announced today it will launch in Q4 of this year. The fund will begin investing in the most important cryptocurrencies such as Bitcoin, Ether, Ripple, and other well-established cryptocurrencies.
The team headed by cryptocurrency expert Mr. Jan Brzezek, who until recently worked for the President of UBS Asset Management and UBS Group EMEA and was also nominated as Group Innovation Expert by UBS, is complemented by experienced other finance professionals and is supported by well-known Swiss entrepreneurs: Dr. Tobias Reichmuth, CEO and Founder of the successful infrastructure fund manager SUSI Partners AG, has joined Crypto Fund AG both as founding investor and Chairman of the Board. Together with Fintech expert and investor Marc P. Bernegger (Board Member) and further soon to be announced senior banking industry professionals, they support the fast growth of Crypto Fund AG.
The Swiss fund embodies the first diversified investment vehicle for digital assets available. Crypto Fund AG will offer an index-based, passive product according to the Swiss Collective Investment Schemes Act (KAG), which provides for regulated access to cryptocurrencies for professional investors.
Jan Brzezek, CEO & Co-Founder of Crypto Fund AG, explains:
“We recognized the growing demand of qualified investors for a regulated and transparent gateway to cryptocurrencies and realized that we need a proven and recognized legal framework allowing qualified investors to invest in cryptocurrencies.
“Unlike the Winkelvoss-ETF, which was rejected by the SEC, we use the regulated and proven Swiss fund structure according to KAG, where the asset manager, the fund management company and the custodian bank are legally separate from each other. The Fund will be highly diversified and will not list on an exchange and exclusively target qualified investors.”
Mr. Tobias Reichmuth says:
“Private and institutional investors alike show a keen interest for cryptocurrencies as a deflationary value storage medium independent of central banks. Access via a regulated vehicle, to execution and safe storage were so far missing. The Cryptocurrency Fund will be the first regulated fund globally which provides a safe and easy access to the rapidly growing cryptocurrency world.”
“The term ‘Crypto Valley’ has quickly gained acceptance and demonstrates the concentration and growth of cryptocurrency companies and foundations in the region of Zug and Zurich. It is also important to mention that Switzerland with its good reputation in asset management and stable regulation has already accepted virtual currencies as an asset class. In addition, the Swiss mountains offer safe and tested warehouses for digital assets.”
The law firm MME Legal, which is specialized in blockchain and ICOs, is counseling Crypto Fund AG on legal matters. Initial discussions with FINMA have already taken place.