Block Asset Management has launched what is recognised as the world’s first cryptocurrency and blockchain ‘fund of funds’.
Led by Manuel E De Luque Muntaner and Kevin Ballard, the firm was founded earlier this year. The team of financial experts contribute over 100 years of experience in a variety of banking, asset, fund and compliance industries.
The fund offers investors hassle free investment across a highly sought after portfolio of cryptocurrencies and blockchain projects which are strategically chosen and have a combined AUM exceeding $500m.
“After a year of global market research, we realised that interest in the blockchain/crypto space is extremely high”, said founder and COO, Kevin Ballard.
“We knew that many funds exist in the crypto space, but most would clearly not pass any comprehensive, serious due diligence. However, relying on Block Asset Management’s team, we successfully completed months of extensive analysis of dozens of funds and eventually approved the best funds for inclusion in our fund”, said De Luque Muntaner, Block Asset Management’s CEO.
Investor demand in combination with early stage adoption of blockchain technology is what Block Asset Managment believe will dramatically increase its portfolios value.
The Fund’s management company, Block Asset Management S.à.r.l., is domiciled in Luxembourg and registered with the Commission de Surveillance du Secteur Financier (CSSF).