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Cryptocurrency

Crypto-fund open for investment

Three arrows and bullseye.

Industry reminded to maintain focus on superannuation targets.

Australian crypto-fund Apollo Capital has announced it is now open and accepting official investment applications.

The fund, which began investing from 1 February, is an actively managed crypto-fund specialising in crypto-asset investments, including digital currencies, other blockchain-based assets and initial coin offerings.

Apollo Capital said it expected to make its first investments in early February. Investments will be open exclusively to wholesale clients or sophisticated investors, with a minimum buy-in of $50,000.

Applications ahead of the launch closed on 25 January, with the fund open thereafter to new investors on a monthly basis.

The firm’s chief investment officer, Henrik Andersson, said: “With an Australian unit trust we are offering the market something new in a familiar package.

“The fund provides investors a way to easily diversify into the fast-growing crypto space.”

The investment strategy is run by Dominet Venture Partners founder and chairman Domenic Carosa, chief executive Holger Arians and expert analyst Tim Johnston, along with Wall Street financial veteran Andersson and bitcoin.com.au chief executive Rupert Hackett.

The investment team has two decades of cryptocurrency experience and also brings global capital markets and venture capital expertise to the fund.

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