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Hong Kong’s first regulated crypto asset fund for PIs aims for US$100 million

Arrano Capital has launched the first regulated Bitcoin fund for professional investors (PIs) in Hong Kong. CIO Avaneesh Acquilla told Asian Private Banker that the timing of the launch was fitting because of the volatility of bitcoin is becoming comparable to some traditional asset classes. The crypto fund launched on Monday will track the price…

Inside H.K.’s first regulated crypto fund

This week has started with a groundbreaking fund launch, the first SFC-regulated crypto fund in Hong Kong for professional investors. This now gives financial institutions a clear vehicle to get simple exposure to Bitcoin. But the achievement took two years of volatile fortunes – in the markets, in negotiations, and in the management team. On…

Simmons advises on first SFC approved crypto manager and fund in HK

International law firm Simmons & Simmons has advised Arrano Capital, the blockchain arm of Venture Smart Asia Limited, on the launch of the first cryptocurrency fund in Hong Kong to have an advisor and distributor that is licensed and approved by the Hong Kong Securities and Futures Commission (SFC). Arrano Capital will act as offshore…

Venture Smart Asia Limited, as First SFC Approved Virtual Asset Manager Launches Bitcoin Fund

Hong Kong (April 20, 2020) – Arrano Capital, which is the blockchain arm of Venture Smart Asia Limited, today announced the launch of Hong Kong’s first regulated virtual asset fund. The fund, which tracks the price of Bitcoin, provides Professional Investors (as defined under the Securities & Futures Ordinance) access to Bitcoin through a traditional…

Hong Kong’s First Regulator-Approved Bitcoin Fund Targets $100M Raise

Hong Kong’s securities regulator has approved the jurisdiction’s first-ever bitcoin index fund designed for institutional investors. Arrano Capital, the blockchain investment arm of asset management firm Venture Smart Asia, has now met the licensing requirements from the Securities and Futures Commission (SFC) allowing it to begin dealing in cryptocurrency, according to a report by Bloomberg…

Hong Kong’s First Approved Crypto Fund Is Targeting $100 Million

Venture Smart Asia Ltd. has launched Hong Kong’s first approved cryptocurrency fund with a target first-year size of $100 million, offering an officially sanctioned window for institutional investors in Bitcoin. Arrano Capital, the Hong Kong asset manager’s blockchain arm, announced Monday the rollout of its Bitcoin fund, after clearing licensing conditions to let it deal…