Bitfury Group, a leading European company in emerging technologies, will partner with Nippon Angel Investment Company (NAIC) to launch an infrastructure fund, reportedly the first of its kind in Japan.
The joint project aims to facilitate access to cryptocurrencies not only for retailers but also for institutional investors.
How I know announced today On the company's Twitter account, the Digital Currency Fund is part of the Bitfury program, which is on a mission to attract institutional investors to Bitcoin. The effort is reportedly the first of its kind in Japan and will help investors diversify their portfolios with digital currencies.
Cryptocurrencies for institutional investors easier
As mentioned above, the program will seriously feature Nippon Angel Investment Company, which is a licensed fund manager in Japan. It is regulated by the Japan Financial Services Agency and "has conducted extensive due diligence on Bitfury as a trusted investment partner."
The next digital currency fund will be a sailing wind for those who want to enter the country world after a tangible lack of available vehicles to do so far.
Speaking on the matter was Valery Vavilov, CEO and Founder of Bitfury, who said:
“We hope to bring this diverse investment path to investors in Japan. We believe this investment, at a time when we are seeing unprecedented changes and volatility in the market, will help further adoption of digital assets by making its underlying infrastructure more secure. ”
According to the head of Bitfury Japan, the funds arrive at the right time, as some investors may be seeking exposure to different asset classes in reaction to the COVID-19 pandemic.
Importance of cryptocurrencies to institutional investors made?
The global financial reality is impeccably evident these days, and there are already some serious polls showing that institutional investors aim to enter the world of cryptocurrencies whenever they can.
A detailed study of the American multinational financial services corporation Fidelity Investments shows that a third of large institutional investors own a form of cryptocurrency. The biggest interests come from Europe, followed by the United States and other regions of the world, proving that digital assets like Bitcoin will likely play a large part in the future financial world.