Set up in France, the fund will offer qualified and institutional investors exposure to cryptocurrency, while allowing them to benefit from Tobam’s research and IT systems, which track the value of investing in bitcoin.
According to Tobam, the fund allows investors to gain exposure to the cryptocurrency in a safer and more convenient way, while also lessening the risk of loss and theft thanks to Tobam’s cybersecurity systems.
Yves Choueifaty, president of Tobam, said: “This first move in the world of cryptocurrencies showcases our dedication to remaining ahead of the curve and to provide our clients with innovative products in the context of efficient (unpredictable) markets.”
He added: “This launch is also an expression of our commitment to diversification in all its forms.”
Christophe Roehri, head of business development, commented: “Direct investment in bitcoin can be operationally challenging, from dealing with the choice of the platform, to maintaining the proper security measures in terms of custody and to managing the changes made to the protocol.”
He added: “Our goal is to take control of these operational challenges in order to facilitate access for qualified investors willing to gain exposure to bitcoin. All of that under the format of a fund.”