29 September, 2021, Zurich, Switzerland: Crypto Finance is celebrating the launch of the first Swiss crypto fund. Crypto Finance, a proven leader in market-forward, regulated crypto asset funds, manages this fund. The all-Swiss venture includes partners PvB, administering the fund, and SEBA Bank, providing custody for the fund. For Crypto Finance, as the first asset manager to launch a Swiss crypto asset investment fund, it is an exceptional achievement to launch this crypto investment fund together with strong Swiss partners. In line with traditional investment funds, the segregation of assets from the custodians’ balance sheet eliminates counterparty risk for investors.
Qualified investors, such as Swiss wealth management banks, asset managers, pension funds, and other professional investors, who collectively manage several trillion CHF in assets, have been waiting for this kind of regulated fund. This passive investment fund from Crypto Finance tracks the performance of the Crypto Market Index 10, which is administered by the SIX Swiss Exchange. The objective of the Crypto Market Index 10 is to reliably measure the performance of the largest, liquid crypto assets and tokens and to provide an investable benchmark for this asset class. Crypto Finance has made it their mission to enable crypto asset management of a quality and security comparable with investment products in traditional markets.
Bernadette Leuzinger, CEO of Asset Management at Crypto Finance, stated, “Crypto Finance is pleased to launch the first Swiss crypto fund, supervised by FINMA and launched with strong Swiss partners PvB and SEBA Bank. The investment fund enables clients of innovative wealth and asset management firms to participate in this upcoming asset class and to further diversify their portfolio in a secure and regulated way.”
Two firsts for Swiss wealth management
This first and only Swiss crypto asset fund managed by Crypto Finance is a result of a close cooperation for the custody provided by the Swiss crypto bank, SEBA Bank. “Two years ago SEBA Bank received a Swiss banking and securities dealer licence. With approval now granted according to the CISA agreement, SEBA Bank has passed another important stage in its development plan, and lives up to its pioneering role. Asset managers can now offer strategies based on crypto assets to a broader audience by using Swiss-based mutual fund structures with SEBA Bank as an approved custodian. We are excited to enable liquid investment funds to investors using crypto assets as the underlying investment universe. This is a further step in the evolution of digital assets investments,” says Guido Buehler, CEO of SEBA Bank.
PvB managing partners Philippe Keller and Christian von Ballmoos are excited and satisfied that thanks to the excellent cooperation of all parties involved, this complex fund project can now be launched on firm operational ground.
Raluca Boaru, T +41 41 552 45 01, firstname.lastname@example.org
Crypto Finance is happy to organise joint interviews on request.
About PvB Pernet von Ballmoos AG
PvB is supervised as a fund management company by the Swiss Financial Market Supervisory Authority, FINMA, and is owned by the managing partners. PvB is specialised in the structuring, administration, and governance of complex regulated investment vehicles in Switzerland and is servicing in excess of CHF 4 billion public and private market assets primarily for institutional clients. www.pvb.swiss
PvB Pernet von Ballmoos AG, Zollikerstrasse 226 8008 Zurich, Switzerland
T +41 44 205 51 51, email@example.com
About SEBA Bank AG
Founded in April 2018 and headquartered in Zug, SEBA Bank is a pioneer in the financial industry and is one of a few global smart banks providing a fully universal suite of regulated banking services in the emerging digital economy. In August 2019, SEBA Bank received a Swiss banking and securities dealer licence – the first time a reputed, regulatory authority such as FINMA has granted a licence to a financial services provider with a core capability in digital assets. The broad, vertically integrated spectrum of services combined with the highest security standards, make SEBA Bank’s value proposition unique – this is why Banque de France selected SEBA Bank to test the integration of Central Bank Digital Currency (CBDC). CVVC Global Report and CB Insights names SEBA Bank as Top 50 Companies within the blockchain ecosystem. Aite Group awarded SEBA Bank with their 2021 Digital Wealth Management Impact Innovation Award in the category “Digital Startup of the Year”. www.seba.swiss.
SEBA Bank AG, Kolinplatz 15, 6300 Zug, Switzerland
T +41 41 552 43 41, firstname.lastname@example.org
About Crypto Finance (Asset Management) AG and the Crypto Finance Group
Crypto Finance (Asset Management) AG, allows traditional investors to participate in the emerging digital asset class with professional, regulated, secure, liquid, and transparent exposure. Because Crypto Finance’s products meet the due diligence requirements of a traditional fund, investors benefit from several unique advantages, including easy and secure access, funds administered by reputable service providers, and leadership in the sector.
The Crypto Finance Group provides institutional and professional investors a full suite of crypto asset products and services. This includes one of the first 24/7 crypto brokerage services as a FINMA-licenced securities firm; storage infrastructure and tokenisation solutions; and the first FINMA-regulated crypto asset management with an active and rule-based alternative investment fund offering. With a team of over 60 employees, the Crypto Finance Group is headquartered in Switzerland and has a regional presence in Singapore. Since its founding in 2017, the Group has been recognised several times, including as a Crypto Valley Top 50 blockchain company, Top 100 Swiss Start-up, and 2019 Swiss FinTech Award winner. www.cryptofinance.ch
Crypto Finance (Asset Management) AG, Genferstrasse 35, 8002 Zurich, Switzerland
T +41 41 545 88 11, email@example.com