$500 Billion German Union Investment To Add Bitcoin Exposure
Frankfurt-based asset manager Union Investment is testing a pilot program with Bitcoin exposure certificates.Frankfurt based asset manager Union Investment is testing a pilot program with Bitcoin exposure certificates, according to Bloomberg. If the program is successful it will open Bitcoin exposure up to other funds as well. Portfolio manager Daniel Bathe told Bloomberg: "We are considering adding bitcoins in small amounts of 1% to 2% maximum to a handful of other funds for private investors."The certificates will be available in the fourth quarter of 2021, but there is no fixed date....
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German funds and asset managers are expanding their horizons on crypto investments now that the nation has more favorable laws governing Spezialfonds. Union Investment, a $500 billion asset manager, is planning to add Bitcoin (BTC) to several investment funds as part of a targeted pilot program for its institutional clients, offering compelling evidence that crypto is becoming more mainstream in Europe's largest economy. The Frankfurt-based institution told Bloomberg on Monday that it is considering adding BTC to a small number of investment funds that will only be available to private....
The $500 billion German asset manager speeds up plans to adopt crypto after assessing Bitcoin certificates. The DZ bank group investment arm Union Investment makes another move to provide crypto investment services to individual investors. They intend to convert a small percentage of their funds to BTC. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Union Investment is knowns as the investment arm of DZ Bank Group, an organization with more than 800 cooperative banks. They had an asset worth $507 billion under management as of June 30. This....
This is a guest post by Chris Grundy, a Berlin-based Bitcoin enthusiast who works at Bitbond. Despite Germany's recent negative press over the Greek bailout, Berlin remains one of the world's greatest cities for Bitcoin lovers. Whether it's the plethora of innovative bitcoin startups springing up all over the city, the widespread adoption of the cryptocurrency along Berlin's high streets, or the vast amount of investment flooding into the German capital, Berlin's relationship with Bitcoin will be instrumental in shaping its future. Berlin startups have been enjoying an unprecedented level....
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called ‘HAIC Digital Asset Fund I.’ Hauck & Aufhäuser will manage the fund while Kapilendo will act as the crypto asset depository. ● The minimum investment in the fund is 200,000 euros ($242,000),....
In an effort to advance the growth and adoption of the XRP Ledger (XRPL), Ripple Labs Inc. has partnered with Frankfurt-based Tokentus Investment AG, an investment company specializing in the blockchain sector. As part of Ripple’s XRPL Accelerator Program, the German investment firm will support emerging start-ups by offering mentorship and guidance. The XRPL Accelerator […]