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Cigrek has launched a solution for asset managers working in Crypto in Dubai and Europe

Cigrek Capital is already in discussions with several well-established digital asset fund managers with a view to launching its first strategies under the new Dubai and European Union umbrellas in the fall. Many of these already have financing structures located in the Cayman Islands, but they find that this may not always be suitable for raising assets.

Cigrek Capital has announced the launch of a fully structured solution for digital asset strategists seeking distribution to institutions and ultra-high net worth investors.

The solution was launched in Europe and Dubai simultaneously as Cigrek aims to help managers pursue distribution in the UAE, Europe or both. Cigrek expects the first strategies to be released under the new umbrellas to investors in the fourth quarter of this year.

Cigrek platform designed to reach wealthy investors

The fund managers will become advisors to the cells which fall under a fully regulated umbrella in Dubai. The launch addresses the Gulf region’s investors’ need for a structured local solution that identifies the many due diligence funds they need.

Cigrek will also assist with distribution including initial seed commitments for individual strategies under the canopy. New managers will need to prove their investment credentials including a track record of the strategy they are following.

Speaking about the launch in Dubai, Laura Barschevska, Managing Director of Cigrek Capital, said: “There is already a lot of interest in investing in digital assets within Dubai, which is rapidly becoming one of the leading global centers in terms of local knowledge and interest in the market. The new platform is designed to match the leading investment talent in the digital world with wealthy investors in the Gulf who want more exposure to this asset class. Our Dubai investment platform was created to fulfill the genuine desire for a locally regulated platform that will allow investors to allocate some of the best talent in cryptocurrency management. We are already in discussions with some of the leading fund managers in this field which we will be introducing to the Gulf market in due course.”

Cigrek launches EU-based solution for digital asset managers

Cigrek Capital has launched its fully regulated, EU-based solution for digital asset strategy managers seeking distribution to institutional investors. Cigrek’s solution is specifically designed for well-established digital fund managers looking for alternative distribution venues.

The new umbrella is based on the fully regulated AIF Limited Partnership Structure and has 10 cells immediately available for use by fund managers. The structure was previously not available to digital asset managers.

Fund managers will become advisors to cells that sit under a fully organized umbrella. The service also includes an EU depository. It meets institutional investors’ need for a more structured solution that ticks many of the boxes they need.

Regarding the launch of the EU platform, Barcevska commented, “There is a huge gap in the market for crypto funds that are not just ETFs but actually own and trade crypto and digital assets, however regulation, jurisdiction and investor protection has always been a huge issue, especially for managers Regulated wealth and discretionary fund managers Digital assets are still a very new asset class, and there is an understandable level of caution among institutional investors when it comes to accessing them. But the appetite is there – investors want to allocate more to industry-leading managers, but they want to see more of a solution organized at the same time.

Cigrek Capital is already in discussions with several well-established digital asset fund managers with a view to launching its first strategies under the new Dubai and European Union umbrellas in the fall. Many of these already have financing structures located in the Cayman Islands, but they find that this may not always be suitable for raising assets.

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