Earlier this month ITI Funds, a buy-side intermediary, advisory and asset management company, announced the launch of a new crypto fund
Dubbed ‘ITI Funds Crypto Index Fund,’ the fund focuses on index tracking, covering “30 crypto-assets with the largest market capitalization.” These include Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, ZCash, Stellar, and Ethereum Classic.
“The fund assets must comply with a list of strict rules: admittance to listing on recognized and licensed exchanges, eligibility for insured cold storage and underlying liquidity,” according to ITI Funds.
Compliant with Luxembourg law, the new fund is open to professional investors via conventional purchases of fund shares.
ITI Funds was established in 2015 and registered in Guernesey, but its teams operate from Guernsey, London, Luxembourg and Moscow. Its funds are registered in Caymans, Guernsey and Luxembourg and traded on the Irish, London and Moscow stock exchanges.
The firm has launched a dozen of funds in total, some of them being Russia-focused. These funds include algorithmic and hedge funds, special situations, PE funds and ETFs with total assets under management exceeding $100 million.
ITI funds increasingly focuses on crypto asset investments. “We are combining the attractiveness of alternative and crypto assets with blue chip service providers, allowing institutional investors to play on wider markets,” according to CEO Gleb Yakovlev.
Last year, ITI Funds launched a crypto fund intended to “make crypto investment available to institutional investors.” With $70 million worth of assets, this fund invests in early-stage projects through private sales as well as in liquid assets.
In November 2018, ITI Funds attracted $5 million from two major investment firms, Moscow-based Da Vinci Capital and Paris-based Mantra Investment Partners, and unnamed private investors.
ITI Funds also claims to have built a “crypto platform” with “fully compliant and transparent infrastructure just like in general fiat world.” Thus, ITI Funds aims to make cryptocurrency market available for institutional investors “just like in the fiat world.”
