The custodian is SEBA Bank, which received a license to store digital assets this week.
Switzerland continues to be friendly to the cryptocurrency market, with the country’s financial authority, for the first time, approving the creation of a fund for the Crypto Market 10 index, which consists of ten digital assets.
According to the Financial Markets Supervision Agency (FINMA) of Switzerland, the Crypto Market Index Fund is receiving the green light, as the first fund operating in Switzerland.
The fund is managed by Crypto Finance and the investment company PvB Pernet von Ballmoos AG
The custodian is SEBA Bank, which received a license to store digital assets this week.
The Crypto Market Index Fund can invest in the largest cryptocurrencies with a fairly large trading volume.
“The goal of the Crypto Market Index 10 is to assess the dynamics of the largest cryptocurrencies and provide an investment benchmark for this asset class,” notes Crypto Finance.
