Mantis announced today it had partnered with Arrano Capital to bring the first Hong Kong regulated virtual asset fund to Australia. DigiTrackers Bitcoin is a passive tracker fund that has been designed to allow institutional investors to access the cryptocurrency via tier one infrastructure in a product that complies with the highest regulatory and security standards. Arrano Capital is the blockchain arm of Venture Smart AsiaLimited “VSAL”. VSAL are licenced by the Securities and Futures Commission of Hong Kong to manage virtual asset funds for professional investors.
“Globally leading institutional investors are showing more and more interest in Bitcoin as an uncorrelated, liquid asset class. Volatility of Bitcoin has been falling and is now comparable to a traditional asset class like oil.At the same time, scarcity of Bitcoin (as mining incentives decline) has increased its attractiveness as a store of value and hedge against fiat currency debasement. The DigiTrackers Bitcoin Fund was purpose built to allow professional investors to access the asset class in a safe, secure and extremely cost-effective manner. We are very pleased to be partnering with Mantis Funds to bring our product to Australia” said Avaneesh Acquilla, Arrano Capital’s Chief Investment Officer.
“Many Australian investors and their advisors are grappling with how and when to access Bitcoin. With a total capitalisation of more than US$1 trillion, Bitcoin is comparable in size to the ASX50. The team at Arrano Capital and Venture Smart Asia Limited are global innovators in the blockchain space. In partnership with tier one service providers such as BitGo and Mainstream, Arrano have built the only product available to Australian investors that will meet the most demanding due diligence requirements of wholesale investors. It is a privilege to welcome them to the Mantis platform” said Damien Hatfield, Partner and Head of Distribution at MantisFunds.