Bitfury Launches Cryptocurrency Fund In Japan Seeking Institutional Investors
Bitfury Group, a leading European emerging technology company, will partner with Nippon Angel Investment Company (NAIC) to launch an infrastructure fund, which is reportedly the first of its kind in Japan. The joint project aims to facilitate access to cryptocurrency not only for retailers but also for institutional investors.
As 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.
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As mentioned earlier, the program will be heavily involved with Nippon Angel Investment Company, a licensed fund manager in Japan. Regulated by the Financial Services Agency of Japan, it has conducted thorough due diligence on Bitfury as a reliable investment partner. This upcoming digital currency fund will be a welcome opportunity for those looking to enter the cryptocurrency space, given the current lack of available investment vehicles.
We hope to bring this diversified investment path to investors in Japan… We believe this investment, at a time when we are seeing unprecedented market change and volatility, will help drive greater adoption of digital assets by making their underlying infrastructure more secure.
Valery Vavilov, Founder of Bitfury.
According to the head of Bitfury Japan, the funds are arriving at the right time, as some investors may be seeking exposure to different asset classes in reaction to the COVID-19 pandemic. The global financial reality is impeccably evident these days. 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. It shows that one third of large institutional investors own a form of cryptocurrency. The biggest interests come from Europe, followed by the US and other regions of the world, showing that digital assets like Bitcoin will likely play a significant part in the future financial world.
