Circle Fund announced the start of its operations in Asia, as the first crypto hedge fund in compliance with local regulations. The fund will invest in innovative projects that will generate long-term value for the blockchain ecosystem, as well as maximize financial returns. The company does not specify what these projects are.
According to the company, the fund has been fully audited and is in compliance with several industry authorities, including the Cayman Islands Monetary Authority, Triple Leo Consulting, Signature Bank, Coinbase Custody, InVault Trust and KPMG.
The fund is one of the few in Asia with the same compliance standards as US crypto investment companies such as Multicoin Capital.
Global compliance and regulation for investment funds in encrypted digital assets is especially important for attracting institutional capital – other funds, managers, family offices, pension funds, etc.
Circle fund follows US standard
Cryptocurrency investment funds represent an advance in this market. The entry of large traditional managers in this market, such as Fidelity Asset Management and Intercontinental Exchange confirms this trend. In addition, companies in the sector are also betting on this segment.
In Brazil, it is no different. Transfero recently launched three cryptocurrency investment funds. Aimed at institutional clients and professional investors, these crypto hedge funds aimed to raise US $ 100 million from selected investors. Other Brazilian managers are going the same way.