The Curaçao-based Dutch Caribbean Securities Exchange (DCSX) has given approval to list its first cryptocurrency and digital assets investment fund. Curaçao Digital Assets Holding B.V. (CDAH) comes from fintech venture firm Zinica Group, and says the fund has a focus on compliance.
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Crypto Fund Approved to List on Dutch Caribbean DCSX
According to Zinica’s homepage, the fund will provide exposure to the daily price fluctuations of bitcoin, as measured by the Bitcoin Real Time Index (BRTI), supplied by the Chicago Mercantile Exchange (CME).
CDAH, which got approval on February 5th but is not yet listed, previously received an official exemption from the Central Bank of Curaçao and Sint Maarten.
An announcement on the DCSX homepage said local partners for the fund include Amergeris as Listing Advisor, EY Curaçao (Dutch Caribbean), Amicorp Fund Services, HBN Law, SAI Bank and Baroud Group.
The exchange added that Amergeris and Zinica Group have several additional projects, and looks forward to further cooperation.
Zinica’s Mission to Make Traditional Institutional Investors Comfortable with Crypto
Zinica, which has a stated mission to “catalyze the acceptance of digital assets by institutional investors”, also says it wants to enable crypto-assets to become an official asset class with global financial markets.
It has a multi-jurisdictional structure and like CDAH, focuses on high standards of compliance. This means full AML/CFT adherence, secure storage, transparency and independent audit capability.
Zinica also has a U.S. Hedge Fund and European Alternative Investment Fund in the pipeline for 2018.
The Dutch Caribbean Securities Exchange is a major international securities trading platform in its region, and is licensed by the Minister of Finance and supervised by the Central Bank of Curaçao and Sint Maarten.
As part of the Dutch Caribbean, Curaçao and Sint Maarten are officially part of the Kingdom of the Netherlands.
Are bitcoin and cryptocurrency investment funds a good way to bring in “traditional” investment money? Let’s hear your thoughts.
Images via DCSX, Wikimedia Commons