Kapilendo launches a crypto-fund with private bank

Kapilendo launches a crypto-fund with private bank

At present, hardly a week goes by when non-traditional financial institutions issue regulated securities with Bitcoin as the underlying asset. This is now also the case with the renowned bank Hauck & Aufhäuser, which is launching a crypto-fund together with Berlin-based FinTech Kapilendo.

To make it easier for investors to enter into regulated crypto assets, Hauck & Aufhäuser and Kapilendo have now announced the Bitcoin Profit issue of a new crypto fund. According to the press release issued by BTC-ECHO, the fund can be invested in as early as January 2021. However, the fund HAIC Digital Asset Fund I (WKN/ISIN A2QKF2 – DE000A2QKF2) is only aimed at professional and semi-professional investors who are willing to subscribe at least 200,000 Euros.

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The new financial product is thus in line with the current trend. It is mainly institutional investors who are responsible for the high inflow of funds into Bitcoin and Co. As a result, more and more offers are emerging to meet the high regulatory requirements of the new group of investors. Only last week, for example, the asset manager VanEck announced the listing of a Bitcoin ETN on the German Stock Exchange.

„We are seeing that digital assets and crypto-currencies are becoming increasingly attractive to institutional investors,“ emphasises Dr. Holger Sepp, member of the board of Hauck & Aufhäuser on the newly launched fund, thus confirming once again that crypto-currencies as an asset class have become indispensable. The fund itself follows a passive investment strategy, whereby the allocation of the crypto values is based on the respective current market capitalisation and other quantitative and qualitative criteria.
Private bank and Fintech: a typical merger

Not only is the fund trendy, but also the type of cooperation. The specially founded Hauck & Aufhäuser Innovative Capital GmbH acts in this construct as a capital management company and is responsible for portfolio management, while Kapilendo acts as a crypto depository. The fact that traditional private banks work together with innovative Fintechs to enable crypto services is a frequent occurrence these days.

For example, on 30 November, Bankhaus von der Heydt announced that it had entered into a partnership with Coinfirm, a block-chain analytics and AML provider, to improve risk monitoring and risk management in connection with crypto-currencies. Looking back over the last few weeks, there are dozens of such announcements, involving collaboration between the old and the new world. This is a very good sign for investors hoping for rising Bitcoin prices.

For those who would like to take a look behind the façades of Kapilendo, we recommend our detailed background report in the latest Kryptokompass.