• About
  • Advertise
  • Privacy & Policy
  • Contact
Cryptos Valuator
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
Cryptos Valuator
No Result
View All Result
Home Bitcoin News

Crypto-Keen Chinese Giant-Owned 200 YO Bank Lures BTC-Hungry Rich Investors

July 2, 2021
in Bitcoin News
0
Crypto-Keen Chinese Giant-Owned 200 YO Bank Lures BTC-Hungry Rich Investors
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

More than 200-year-old German lender Hauck & Aufhäuser (H&A), owned by the crypto-keen Chinese conglomerate Fosun, about to offer a new product to high-net-worth individuals and professional investors, looking to invest in cryptoassets.

The bank said it is teaming up with the Berlin-based fintech Kapilendo to open a new crypto fund in January. The HAIC Digital Asset Fund I will be directed at institutional clients, investing in various cryptoassets including bitcoin (BTC), ethereum (ETH) and stellar (XLM).

The minimum investment in the fund is set at EUR 200,000 (USD 243,000).

Dr. Holger Sepp, Member of the Board at H&A, was quoted in a statement as saying that the bank has observed that digital assets are increasingly popular with institutional investors. According to the bank, this is a further step toward expanding its range of services in the Asset Servicing division to include “the innovative and future-oriented component of digital assets.”

Its subsidiary Hauck & Aufhäuser Innovative Capital GmbH will manage the fund’s portfolio of digital assets.

H&A could benefit from Germany’s implementation of the 4th European Union anti-money laundering directive which allows banks to serve as crypto custodians. Despite the changes in German regulation that allow the bank to store crypto on its own, H&A has decided to team up with Kapilendo which will act as the fund’s depositary.

The Frankfurt-based bank is a legacy financial institution whose history dates back to 1796. Fosun, the Hong Kong-listed giant with USD 102.6bn in assets (as of December 2019) and companies in the health, finance, and leisure industries, acquired H&A in 2016.

Meanwhile, in 2017, the conglomerate invested into Chinese blockchain startup Onchain and is now also a co-owner of Singapore-based digital asset custodian Onchain Custodian. Both companies were co-founded by Da Hongfei, Founder of NEO, a blockchain developer, ranked 23rd by market capitalization.

Earlier this year, H&A agreed to acquire another German lender, Bankhaus Lampe. Together the two companies employ around 1,400 employees and manage EUR 35bn, per Reuters data.
___
Learn more:
Banking Giant Sberbank May Launch Token, Digital Asset Trading Platform
UK’s CBDC Could Facilitate Negative Interest Rates – Bank of England
State-owned Belarusbank Launches Crypto Exchange Amid Sanctions Against Lukashenko
Russian Government Indirectly Gets Into Bitcoin Trading And Custody
Asian Banks Prepare Crypto Takeoff as Thailand’s SCB Revs DeFi Engines
Get Ready For Crypto Banking, DeFi & CBDC Surprises – Venture Capitalist

Previous Post

US Dollar Falls As Bitcoin Continues On Bullish Run, Morgan Stanley Predicts Further Decline For USD

Next Post

Filecoin (FIL) Jumps 6pct after Coinbase Pro Listing

Next Post
Filecoin (FIL) Jumps 6pct after Coinbase Pro Listing

Filecoin (FIL) Jumps 6pct after Coinbase Pro Listing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 111 Followers
  • 23.5k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

June 23, 2021
Newegg Expands Bitcoin Payment Option To 73 More Countries

Newegg Expands Bitcoin Payment Option To 73 More Countries

July 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Black Friday Drags Crypto Market Down, Bitcoin & Ethereum Price Plunges

August 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Enterprise Ethereum Alliance Opens Regional Office In South Korea

August 6, 2021
UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

Why is ZCash Price Rising ? | Latest Crypto News

Why is ZCash Price Rising ? | Latest Crypto News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

El Salvador Hosts Central Banks To Discuss the Bitcoin Rollout

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

The Cryptocurrency Market Flashes Contrarian “Buy” Signal, When Is the Best Time To Buy Bitcoin and Altcoins?

May 19, 2022

Recent News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

El Salvador Hosts Central Banks To Discuss the Bitcoin Rollout

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

The Cryptocurrency Market Flashes Contrarian “Buy” Signal, When Is the Best Time To Buy Bitcoin and Altcoins?

May 19, 2022
Cryptos Valuator

Follow Us

Browse by Category

  • Altcoin News
  • Bitcoin
  • Bitcoin News
  • Blockchain
  • Blockchain News
  • Business
  • Coins
  • Cryptocurrency
  • Cryptonews Deals
  • DeFi News
  • Economy
  • Ethereum
  • Ethereum News
  • Events
  • Exchanges
  • General
  • ICOs
  • Industry Talk
  • Markets
  • News
  • NFT News
  • Opinion
  • Press Releases
  • Regulation
  • special site
  • Sponsored
  • World

Recent News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
  • Terms & Conditions
  • Privacy Policy

© 2021 Cryptos Valuato

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges

© 2021 Cryptos Valuato