Bitfury Launches Digital Currency Fund in Japan
- The fund will enable individual and institutional investors to diversify their portfolios into digital currency infrastructure
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term infrastructure provider Bitfury and the Nippon Angel Investment Company (NAIC) today announced the launch of a digital currency infrastructure fund.
The firm said that the fund will enable individual and institutional investors to diversify their portfolios into digital currency infrastructure. NAIC is a licensed fund manager in Japan, regulated by the Japan Financial Services Agency.
NAIC has conducted thorough due diligence into Bitfury as a reliable investment partner, according to the announcement.
Despite its distinctive risk-reward profile, institutional capital was previously limited in its ability to enter the digital currency infrastructure sector due to a lack of available vehicles, Bitfury said.
Through the NAIC digital currency fund, as well as Bitfury’s institutional investor program, these investors can now invest in Bitfury’s top-tier data centers across the world.
“We are looking forward to bringing this diverse investment route to investors in Japan,” said Valery Vavilov, CEO and founder of Bitfury. “We believe that this investment, at a time where we are seeing unprecedented market changes and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, will help further adoption of digital assets by making its underlying infrastructure more secure.”
Covid-19 impact
“This fund brings digital currency investments to Japanese investors at a critical time, when we are seeing risk/return profiles across other asset classes significantly change in reaction to the COVID-19 pandemic,” said Katsu Konno, head of Bitfury Japan.
“We are honored to be moving forward on this offering with the esteemed Nippon Angel Investment Company, providing an avenue to turn Japan’s more than US $9 trillion in cash deposits into a high-return investment,” he added.
Bitfury is a large European emerging technologies company and has been a provider of turnkey digital currency infrastructure solutions since 2011. Bitfury’s hardware innovation division, its fully owned innovative cooling subsidiary Allied Control, and its in-house semiconductor and R&D experts have launched profitable bitcoin mining sites around the world, including in Canada, Norway, Iceland, the Republic of Georgia and the Republic of Kazakhstan.
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term infrastructure provider Bitfury and the Nippon Angel Investment Company (NAIC) today announced the launch of a digital currency infrastructure fund.
The firm said that the fund will enable individual and institutional investors to diversify their portfolios into digital currency infrastructure. NAIC is a licensed fund manager in Japan, regulated by the Japan Financial Services Agency.
NAIC has conducted thorough due diligence into Bitfury as a reliable investment partner, according to the announcement.
Despite its distinctive risk-reward profile, institutional capital was previously limited in its ability to enter the digital currency infrastructure sector due to a lack of available vehicles, Bitfury said.
Through the NAIC digital currency fund, as well as Bitfury’s institutional investor program, these investors can now invest in Bitfury’s top-tier data centers across the world.
“We are looking forward to bringing this diverse investment route to investors in Japan,” said Valery Vavilov, CEO and founder of Bitfury. “We believe that this investment, at a time where we are seeing unprecedented market changes and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, will help further adoption of digital assets by making its underlying infrastructure more secure.”
Covid-19 impact
“This fund brings digital currency investments to Japanese investors at a critical time, when we are seeing risk/return profiles across other asset classes significantly change in reaction to the COVID-19 pandemic,” said Katsu Konno, head of Bitfury Japan.
“We are honored to be moving forward on this offering with the esteemed Nippon Angel Investment Company, providing an avenue to turn Japan’s more than US $9 trillion in cash deposits into a high-return investment,” he added.
Bitfury is a large European emerging technologies company and has been a provider of turnkey digital currency infrastructure solutions since 2011. Bitfury’s hardware innovation division, its fully owned innovative cooling subsidiary Allied Control, and its in-house semiconductor and R&D experts have launched profitable bitcoin mining sites around the world, including in Canada, Norway, Iceland, the Republic of Georgia and the Republic of Kazakhstan.