150,000,000 USDT minted at the crypto market

Hauck & Aufhäuser, one of Germany’s elite and oldest private banks, is joining hands with a fast emerging fintech company, Kapilendo, in creating an investment fund primarily for crypto assets (Bitcoin Stellar, Ethereum).

In a report credited to a German-based media firm, Fundview, the German bank plans to operate the crypto fund under its assets arm, known as Hauck & Aufhäuser Innovative Capital from early next year. The Crypto fund will majorly involve three crypto-assets, namely Stellar (XLM), Bitcoin (BTC), and Ethereum (ETH).

What they are saying

The bank highlighted the objectivity of creating such crypto fund, “We are seeing that digital assets and cryptocurrencies are becoming increasingly attractive with institutional investors. With the launch of our first crypto fund, together with Kapilendo, we have created an innovative investment vehicle that gives our customers inexpensive and secure access to the new crypto asset class, while meeting the established quality standards and high demands of Hauck & Aufhäuser,” says Holger Sepp, member of Board of Hauck & Aufhäuser.

Jens Siebert, Chief Solution Officer of Kapilendo AG, adds: “The new HAIC Digital Asset Fund I is an exciting tech investment and designed as a portfolio addition for institutional investors. Kapilendo takes over the custody of the crypto assets for the HAIC Digital Asset Fund I. In its function as a crypto depository, Kapilendo Crypto AG is tied into all relevant interfaces of the asset servicing and technically & seamlessly integrated.”

What you should know

  • Hauck & Aufhäuser Privatbankiers AG is an 18th-century old private bank based in Germany. The German elite bank focuses on the asset management advisory services of private, corporate clients, as well as institutional investors.
  • At the time of writing the flagship crypto, Bitcoin was trading around $19,280, while Ethereum and Stellar traded at $595 and $0. 1708 respectively.

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