German Conglomerate, Bertelsmann, Invests In BaFin Regulated Crypto Fund for Web 3.0

2020-12-9 20:35

German private multinational conglomerate and publishing firm Bertelsmann announced an investment in a Berlin-based regulated crypto fund, Greenfield One.

Reports from Berlin confirm that Greenfield One, an institutional-focused crypto fund, has successfully completed its second crypto fund, including an investment from Bertelsmann, a Germany-based conglomerate owning top publishing firm Penguin Random House LLC., RTL Group, Arvato, and music publishers BMG Rights Management.

The crypto fund is regulated under the country’s top financial regulator, the Federal Financial Supervisory Authority (BaFin), allowing institutional investors to take positions in the crypto market. According to a statement from Sebastian Blum, one of Greenfield’s founders, having a regulated digital asset fund provides “regulatory clarity and a safe haven” for institutions investing in it. Blum said,

“We have deliberately decided to structure all of our funds as an on-shore product to provide a high level of clarity and comfort for investors with no exposure to crypto yet.”

“This caused additional scrutiny and complexity in fund formation on our end, but we believe that this turns out to be helpful in the long-run.”

The company is yet to disclose the value of the crypto fund and the value of investment made by Bertelsmann and other investors participating in the fund, including a major European family office known as Lennertz & Co.

The company used the first crypto fund to invest in promising blockchain solutions, including Multis, Dapper Labs, Vega Protocol, Near Protocol, Celo, and Spacemash. The second fund is yet to be invested with no comment or reply from Greenfield One on how they plan to spend the funds.

However, according to a circular distributed earlier in the year, the crypto fund will be invested in assorted blockchain projects with no specific market mentioned.

“The fund focuses on crypto networks and developer teams that use blockchain-based technology to create the infrastructure for Web 3.0 as a fundamental asset layer on the internet,” the circular read.

The post German Conglomerate, Bertelsmann, Invests In BaFin Regulated Crypto Fund for Web 3.0 first appeared on BitcoinExchangeGuide. origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto fund bertelsmann conglomerate firm german one

Источник: bitcoinexchangeguide.com

crypto fund → Результатов: 126


Фото:

Crypto Fund Gives Ethereum Tokens Instead of Shares to Investors, And It’s Approved by the U.S. SEC

A 2018-founder crypto firm just got the green light from the U. S. SEC to function as an Ethereum-issuing investment fund on Monday, in a first such structure. Own a Hedge Fund’s Tokens Based in Los Angeles, Arca is an asset management firm that creates and manages institutional-grade products using crypto and blockchain technology, as itsRead MoreRead More.

2020-7-8 13:00


Crypto Fund получил зеленый свет от швейцарского регулятора

Швейцарский регулятор финансовых рынков открыл возможность для институционального участия в торговле криптовалютами, одобрив деятельность компании Crypto Fund.

2018-10-21 15:34


Фото:

В Швейцарии впервые лицензирована компания по управлению криптоактивами

Управление надзора за операциями финасового рынка Швейцарии (FINMA) выдало компании Crypto Fund, дочернему предприятию Crypto Finance AG, первую в стране лицензию на управление криптовалютными активами.

2018-10-9 21:56


How a Chinese Crypto Hedge Fund Saw 60-Fold Returns With its Unorthodox Strategy

Crypto hedge funds have become an increasingly common sight in this flowering industry, as investors seek alternative mediums to invest into crypto assets and their underlying technologies. FBG Capital, a crypto-centric fund based in China, has become one of the largest players in this expanding sub-industry, garnering support from an array of industry leaders.

2018-8-3 12:10


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNet

A new proposal has been submitted to Aave’s governance forum that calls for deploying the DeFi lending protocol to StarkNet, StarkWare’s permissionless and decentralized ZK-Rollup. Yael Doweck, product manager at StarkWare, submitted the proposal to onboard the protocol on behalf of StarkNet creator, much like MakerDAO has on its L2.

Brazil’s Stock Exchange Planning to Offer Crypto Services Next Year

B3, Brazil’s stock exchange, is the latest institution planning to join the cryptocurrency scene next year. The San Pablo-based exchange is exploring digital asset custody and crypto-as-a-service (CaaS) segments, reported InfoMoney, citing a presentation from B3 President Gilson Finkelsztain made last week.