Hong Kong crypto fund intends to raise $ 100 million

The first regulated cryptocurrency fund, created by Venture Smart Asia Ltd., intends to raise up to $ 100 million during the work. Experts note that it may be of interest to investors who are willing to invest their money only in regulated projects. Monday Venture Smart Asia Ltd. announced the deployment of its Bitcoin fund after clarifying licensing conditions.

While companies around the world are looking for ways to invest in digital tokens, such as Bitcoin, ETH and other digital tools, funds that have received approval from the authorities are coming to the fore. Arrano Capital investment director Avanish Akvilla said, despite the fact that the launch date of the fund is not known, according to ambitious plans, employees intend to raise about $ 100 million in their first project, which will be aimed at working with bitcoin, while the second fund will be focused on investments in a basket of digital instruments, while being under the control of the company (it is planned to launch it before the end of this year).

“We decided to create this fund to meet market demand from professional investors, who are increasingly focusing on bitcoin as an alternative means of accumulation,” Avanish Aquilla said, while acknowledging that for the massive use of cryptocurrencies, regulatory control will be required.