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‘It’s still too early for proper institutions to invest’ but we’re ready, says UK’s first regulated crypto hedge fund
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Quick Take
- Prime Factor Capital has become the first asset manager that invests exclusively in crypto to get approval from the UK regulator, the FCA
- CEO Nic Niedermowwe told The Block that being regulated will give wary investors an “extra level of assurance,” but that “proper institutions” will need more time
- The firm chose to base itself in London as a city with renown regulatory rigour and deep pockets
It’s a big week for the UK. Not just because Wimbledon has started, but because the country’s financial regulator has granted its first license to a crypto asset manager. London-based Prime Factor Capital can now operate as a full-scope Alternative Investment Fund Manager (AIFM) under EU rules. The firm, run by a former BlackRock duo and […]
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