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A German Private Bank Announces Plans To Launch A Cryptocurrency Fund

Mary Liu

Summary: According to an official announcement, Hauck & Aufhauser, a Frankfurt-based private bank will launch a cryptocurrency fund in January 2021. The fund, which named HAIC, is for institutional clients with a minimum investment of 200,000 euros. HAIC bases on a passive investment strategy, in which the value of cryptocurrencies is allocated based on the current market ...

According to an official announcement, Hauck & Aufhauser, a Frankfurt-based private bank will launch a cryptocurrency fund in January 2021. The fund, which named HAIC, is for institutional clients with a minimum investment of 200,000 euros. HAIC bases on a passive investment strategy, in which the value of cryptocurrencies is allocated based on the current market value and other quantitative or qualitative criteria. The custodian department of the fintech company Kapilendo is responsible for the secure storage of crypto assets in the fund.

By Mary Liu

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