- New EU regulated platform for digital asset managers
- Includes distribution into the institutional investment market
- Up to 10 cells available for different fund managers
- Launch of first strategies anticipated in Q4
EDINBURGH 10 August 2022: Cigrek Capital has launched its fully-regulated, EU-based solution for
managers of digital assets strategies seeking distribution to institutional investors. Cigrek’s solution
has been designed specifically for managers of established digital funds who are seeking alternative
The new umbrella is based on a fully regulated AIF limited partnership structure and has 10 cells
immediately available for use by fund managers. The structure has not previously been available for
digital assets managers.
Fund managers will become advisers to the cells, which sit under the fully regulated umbrella.
The service also includes an EU depositary. It addresses the need institutional investors have for
a more regulated solution which ticks many of the boxes they require.
Cigrek will also assist with distribution including initial seed commitments for the individual
strategies under the umbrella. New managers will need to demonstrate their investment credentials
including a certified track record for the strategy they are pursuing.
Laura Barcevska, Managing Director with Cigrek Capital, said: “There is a huge gap in the market
for crypto funds that are not just ETFs but actually own and trade crypto and digital assets, however,
regulation and jurisdiction, and investor protection have always been a massive issue, especially
for regulated wealth managers and Discretionary Fund Managers.”
Cigrek Capital is already in discussions with several established digital asset fund managers with
a view to launching its first strategies under the new umbrella in the autumn. Many of these already
have existing Cayman Islands fund structures but have found that this may not always be suitable
for an asset raise.
“Digital assets are still a very new asset class, and there is an understandable level of caution among
institutional investors when it comes to accessing these,” said Barcevska. “But the appetite is there –
investors would like to allocate more to leading managers in this space, but they want to see a more
regulated solution at the same time.”
Cigrek expects the first strategies under the new umbrella will launch to investors in Q4 of this year.