The German bank Hauck & Aufhäuser establishes the first crypto fund
Hauck & Aufhäuser and Berlin-based fintech Kapilendo are opening a crypto fund called HAIC Digital Asset Fund I from the new year.
From the new year, German investors will be able to invest in a new crypto fund founded by Hauck & Aufhäuser Innovative Capital GmbH (founded by Hauck & Aufhäuser Privatbankiers AG) and the Berlin fintech Kapilendo.
The new crypto fund is called HAIC Digital Asset Fund I (ISIN: DE000A2QKF2) and will be aimed at semi-institutional and institutional investors who are interested in investing in leading cryptocurrencies such as Bitcoin, Ether and Stellar.
The German daily that published the report also stated:
The fund pursues a passive investment strategy, whereby the allocation of the crypto values is based on the current market capitalization and other quantitative and qualitative criteria. All assets have a high liquidity rate. If exceptional market developments make it necessary, crypto values are converted into classic securities with high credit ratings.
Hauck & Aufhäuser Innovative Capital GmbH is a capital management company and is responsible for portfolio management, while Kapilendo acts as a crypto depositary.
The new German crypto fund has set the minimum investment at € 200,000, the subscription period will not be limited.
About Hauck & Aufhäuser
Hauck & Aufhäuser Privatbankiers AG is a private bank based in Frankfurt am Main. Hauck & Aufhäuser also maintains offices in Munich, Hamburg, Düsseldorf, Cologne, London, Luxembourg, Nanjing and Shanghai and focuses on the advisory and asset management of private and corporate clients as well as institutional investors and on cooperation with independent asset managers. /wiki
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