World's first crypto-fund planned

The "Cryptocurrency Fund" to go in the fourth quarter of 2017 at the start and are designed according to the Swiss collective investment schemes Act. This is to ensure that asset managers, fund management and Custodian Bank are legally separated. A special feature is the design as index-based passive fund product. The Fund is to depict the Cryptocurrency index, which is calculated by an established index provider.

Be invested in the most important according to market capitalisation and liquidity virtual currencies – this should make for a wide spread and a reduction in the volatility. "We see a growing demand of qualified investors for a regulated and transparent access to virtual currencies like Bitcoin, ether, etc. With the Swiss fund structure we create a well-known among investors and proven approach to Cryptocurrencies", explains Jan Brzezek, CEO of crypto Fund AG, the background to the project. No coincidence was that Switzerland as a fund domicile was chosen: "not without reason coined the term crypto Valley by the companies located in the region of Zug/Zurich and foundations in the field of Cryptocurrenciews", performs FINTECH expert Marc P. Bernegger, who joins the team to Brzezek. "Is it also important that Switzerland has already legally enshrined virtual currencies with their great reputation in the asset management and stable legislation."

Stresses that the time is ripe for such a Fund, also Dr. Tobias Reichmuth, also CEO and co-founder of the society: "private and institutional investors show an increasing interest in virtual currencies as deflationary store of value which cannot be influenced by central banks. A very high hurdle for investors has been a lack of safe and regulated access and to ensure of risk-free storage. "The Cryptocurrency Fund helps here and will offer the first regulated and safe access to the fast-growing world of Cryptocurrencies."