Hauck & Aufhäuser Set To Launch Crypto Fund In 2021

Hauck & Aufhäuser, a two-century-old bank located in frankfurt, Germany, has announced a new system that will support both new and old investors of Cryptocurrency to invest wisely. Commercial banks in the country continue to show a significant appetite for virtual currencies on the back of a firm and favorable regulatory mandate from government authorities.

Hauck & Aufhäuser will partner with Kapilendo to launch the initiative

In the news gathered by reporters, Hauck & Aufhäuser will partner with the Berlin-based fintech company, Kapilendo, under its digital arm, HAIC(Hauck & Aufhäuser Innovative Capital), to launch the fund in January 2021. The initiative, known as the HAIC Digital Asset Fund, will cover Bitcoin, Ethereum, and Stellar.

The new fund subscription period is currently unlimited, and the minimum entry point for investors is set at 200,000 euros. It is worthy to note that both firms are fully licensed by the German Financial Supervisory Authority (BaFin). Also, both are established financial services providers that are now expanding into the crypto industry. Holger Sepp, a senior board member of the bank, noted that the firm sees that digital assets and cryptocurrencies are becoming increasingly attractive to institutional investors.

With the launch of its first crypto-fund, it has created an innovative investment vehicle together with Kapilendo, which provides its customers with a cost-effective and secure access to the novel asset class crypto while meeting the established quality standards and high demands of Hauck & Aufhäuser.

The bank obtained its license of operation in September

In September 2020, Hauck & Aufhäuse secured a BaFin license for its digital asset investment subsidiary dubbed Hauck & Aufhäuser Innovative Capital. The BaFin license allows HAIC to operate as a duly-registered capital management company. The license was what propelled the bank to initiate the Crypto fund. Another board member and a firm supporter of the fund, Michael Bentlage, also said that Forecasts predict a growing demand for fund products for digital assets. We are also seeing strong interest on the customer side.

Furthermore, Michael noted that the firm needs to set the right course early and give its customers access to this innovative asset class. Hauck & Aufhäuser is a private bank based in Frankfurt, Germany. It also maintains offices in Munich, Hamburg, Düsseldorf, Cologne, London, Luxembourg, Nanjing (China), and Shanghai (China). It focuses on the advisory and asset management of private and corporate clients and institutional investors and cooperation with independent asset managers.

Kapilendo, on its part, is an innovative online credit marketplace that enables small and medium-sized companies to make cheap, fast, and unbureaucratic financing by private investors in comparison to banks. The funding candidates are subjected to a credit check at the highest level by Kapilendo AG and then presented on the platform. This allows investors to decide which projects they are investing in and achieve an attractive return and a high diversification of the risk already with low investment yields.