First-Ever Australian Bitcoin Fund Launches In Bid To Attract Global Investment

The Future Capital Bitcoin Fund (FCBF), an Australian investment firm, has launched a new $30 million global fund, with targeted

The Future Capital Bitcoin Fund (FCBF), an Australian investment firm, has launched a new $30 million global fund, with targeted investments across Bitcoin and crypto-currency services providers, according to an FCBF statement.

The leader at the helm of this initiative is Domenic Carosa, a veteran investor and mainstay in the digital currency industry. As for the composition itself, the FCBF fund will target Bitcoin payment services, exchanges, and trading operations in the industry through strategic investments, having already begun in May.

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According to Carosa who is also the Chairman and Co-Founder of the FCBF in a recent statement on the launch, “Bitcoin has the potential to dramatically alter the manner in which transactions take place across the globe and the power to create new modes of financial connectivity, seamlessly across borders.”

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The FCBF team has a long tradition of investment experience, whose diverse knowledge and perspective will undoubtedly help steer the inaugural Bitcoin fund. As such, the team will draw on a wealth of human capital though members from such locales as Silicon Valley, Hong Kong, the Netherlands, and Germany.

“Australia has low sovereign risk and a globally trusted financial system. This is a very exciting opportunity for global investors to participate in the Bitcoin ecosystem via Future Capital’s Bitcoin Fund. We view the emerging Bitcoin ecosystem as an investment opportunity that has transformative potential across a raft of social, technology-based and cultural applications and we see great scope for the broader adoption of Bitcoin and its related applications to redefine the global payment status quo,” added Carosa.

FCBF Fund New Applicants And Investments

Currently, the new fund is accepting global investments across the AUD, USD, RMB, and of course Bitcoin (BTC). In addition, Investment Manager Holger Arians – a corporate strategy and finance specialist – will oversee new applicants to the fund. Indeed, a steadfast growth in popularity for Bitcoin has helped fuel such investments across services and technology realms, having now taken hold in Australia.

According to Arians in an accompanying statement, “the concept of a global crypto-currency is probably the most disruptive innovation I have seen in the last 10 years. I believe that Bitcoins will change the way we live, travel and do business. We are already actively participating in the evolving Bitcoin space and we see it is at an inflection point and ready for seasoned investors to assist in bringing financial and entrepreneurial experience to this market.”

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