CoinShares International, a major European cryptocurrency asset manager, has announced that it is launching a hedge fund division in the US as it prepares to roll out its offering to US investors.
The move comes despite ongoing uncertainty around crypto regulation in the world's largest economy.
In an announcement on Friday, the Jersey-based company said through CoinShares Hedge Fund Solutions it will make a range of private investment products available to qualified US investors, its first expansion beyond its established European base.
The company said it wants to become the “premier destination for institutions in the digital assets realm,” offering a range of products across the spectrum of beta and alpha strategies with hybrids in between.
It will market its products to US investors through its Coinshares Capital subsidiary, a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA).
"In a changing macro environment prominently marked by interest rates and inflation, the demand for actively managed exposure to digital assets is a natural progression,” CoinShares' CEO Jean-Marie Mognetti commented.
“Our products focus on delivering a premium experience to our investors and we are delighted to enrich our long-only asset management offerings by returning to our core founding program.”
The company also announced it has appointed seasoned asset manager Lewis Fellas as head of CoinShares Hedge Fund Solutions.
The new division will utilise CoinShares’ battle-tested expertise trading and quantitative teams, it added.
“The long-awaited return of interest rate-driven volatility is a great opportunity that we plan to capture with our novel fund products,” Fellas said.
“Each product that will be offered is designed to mitigate counterparty risk whilst providing investors with clearly defined asset class and strategy exposures.”
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