The Cryptocurrency sector has recently become the go-to industry for investors. Companies and individuals are heavily investing in the crypto market. On Thursday, November 2019, PORTAL Asset Management, based in Singapore, ventured into the digital assets sector by launching a crypto fund. The fund, which goes by the name Portal Digital Fund will be operating as the fund of other funds. This new project targets erudite investors in the Asia-Pacific area, among them, being institutional investors, family offices, and individuals of high net worth.
The company, though still young in the industry, is targeting managed assets worth over $100 million. The firm began its fundraising, which will run till March 31, 2020. Deryck Graham, the founder of the fund said,
“At this time and age, two things are inevitable across all industries; the application of the blockchain tech and the adoption of enterprise and sovereign cryptocurrencies are rapidly influencing the financial economy globally.”
According to a recent report, the company is in the process of creating a diverse portfolio with 4-8 professional global fund managers. The portfolio will major in two significant investment streams. The first will be investing in the blockchain infrastructure through private equity funds and venture capital. The second investment stream will be quantitative trading that takes into account momentum, arbitrage, and systematic strategies. The firm is planning to first focus on the latter approach since it envisages high returns compared to the former.
For the past two years, the company has been trying to aggregate over seven hundred digital asset fund managers. It further reviewed about a hundred fund managers using the Bottom-up analysis approach and the Top-down investment analysis process.
With the digitization and fractionalization of global assets and the integration of the blockchain technology, digital assets are bound to rank as the fourth superclass falling under the three major traditional classes of measures of wealth, goods, and capital.
Sygnum, a Singaporean Crypto-based banking company, was recently granted a Capital Markets Services License that allows the company to trade digital asset products in Singapore.