Digital Assets Report


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Cigrek Capital launches EU platform for fund managers with digital assets strategies

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Cigrek Capital has launched a fully-regulated, EU-based solution for managers of digital assets strategies seeking distribution to institutional investors. Cigrek’s solution has been designed specifically for managers of established digital funds who are seeking alternative distribution venues.

The new umbrella is based on a fully regulated AIF limited partnership structure and has 10 cells immediately available for use by fund managers. The structure has not previously been available for digital assets managers.

Fund managers will become advisers to the cells, which sit under the fully regulated umbrella. The service also includes an EU depositary. It addresses the need institutional investors have for a more regulated solution which ticks many of the boxes they require.

Cigrek will also assist with distribution including initial seed commitments for the individual strategies under the umbrella. New managers will need to demonstrate their investment credentials including a certified track record for the strategy they are pursuing.

Cigrek Capital is already in discussions with several established digital asset fund managers with a view to launching its first strategies under the new umbrella in the autumn. Many of these already have existing Cayman Islands fund structures, but have found that this may not always be suitable for an asset raise.

Cigrek expects the first strategies under the new umbrella will launch to investors in Q4 of this year.

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