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Digitalx to Launch New Cryptocurrency Investment Fund

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Digitalx Ltd has launched a new crypto-assets investment fund. This fund is expected to focus primarily on leading cryptocurrencies while allowing diversification with regulated ICO tokens, crypto derivatives, fiat, and managed schemes. Ellerston Capital veteran Tim Davies has been appointed as portfolio manager.

To create the fund, DigitalX pitched in $750,000 from its bitcoin and ethereum holdings, and will hold a 73% stake as the investment advisor. The company’s share price jumped as high as 27% during trading on Tuesday which seems to indicate that investors were quite happy with the new direction Digitalx has taken.

“We believe cryptocurrencies are under-researched by mainstream asset managers and there is an opportunity to leverage our expertise in Blockchain technology and crypto-asset investment to create value for our clients,” DigitalX managing director Leigh Travers said.

This is not the only difference that Digitalx has been making as it has also announced that it is entering the crypto education scene. The company has partnered with digital media provider Multiplier to create two upcoming websites, Multipliercrypto.com and Coin.org, to teach the Australian public about cryptocurrencies and the technology behind them. These are said to offer video mini tutorials on crypto-assets delivered by industry experts to help newcomers learn with ease.

“These sites will be a platform to educate new investors from around the world about the opportunities and risks of crypto-assets, including cryptocurrencies and ICOs, including being a resource for updated regulatory information as it continues to develop,” Travers said. “The value of cryptocurrency digital real estate is expected to grow significantly with recent news from the world’s largest technology companies Google, Twitter and Facebook to limit cryptocurrency advertising,” he added.

 

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