According to media reports, the Liechtenstein Financial Market Authority (FMA) approved three Alternative Investment Funds (AIF) for crypto-assets: Coinlab Digital Asset Fund, Incrementum Crypto One Fund and Postera Fund, though only the latter is already open for subscription. With the Postera Fund, assets of €50,000 or higher can be invested from 51 per cent to 100 per cent in cryptocurrencies.
Launched by Postera Capital GmbH, a German consultancy for blockchain and crypto-assets, the Postera Fund is the world’s first regulated investment fund to invest in an actively managed portfolio of cryptocurrencies, reports BTC-Echo. It is also the first time a fund that invests in blockchain assets is structured in accordance with the European Directive. The Postera Fund will initially be sold only in Liechtenstein and on the German market.
Quorus Asset Management is responsible for the portfolio management of the Postera Fund. The fund’s assets will be held for safekeeping at Bank Frick, and Ernst & Young AG will be responsible for auditing.
As BTC-Echo writes, reliable regulatory framework conditions at the established fund location in Liechtenstein lend the crypto-assets fund “the highest level of security”.