Alternative Investment Fund (AIF) Manager Olymp Capital announced via a press release published on September 7 the launch of what they claim us the very first European investment fund to cover the entire blockchain and cryptocurrency ecosystem.
The fund will include blockchain-related Private Equity, Initial Coin Offering (ICO) activity and a fund-of-fund activity centered on crypto hedge funds, and will accept investment in both fiat currencies and in Bitcoin and Ethereum.
Providing A Link Between Investor And ICO Market
The firm’s leadership team has experts in the field of traditional finance and in the world of blockchain, drawing on the best features of traditional venture capital, updated for the fast-paced world fo crypto investment.
Christophe de Courson, a serial technology entrepreneur, serves as CEO of the firm while Paul Bougnoux, one of the co-founders of leading French corporate finance advisory firm Largillière Finance, serves as chairman.
The firm will act as a link between investors and the ICO market, helping in the discovery of premium ICO propositions. Fund managers from the Olymp network identify and screen each ICO proposal, making use investors only have access to the best opportunities for investing in cryptocurrencies and ICOs.
Olymp’s corporate wallet account allows it to collect payments in cryptocurrencies, unlike other funds. The feature ensures that there is no need to convert fiat currency to bitcoin or ether for their investments.
In a statement, Paul Bougnoux, chairman of Olymp Capital, said that:
“We have built an international group of advisors, composed of recognized experts in complementary sectors – finance and investment, blockchain and crypto assets, and compliance and regulation – to assist our management team based in Luxembourg,”
Meanwhile, CEO Christophe de Courson weighed in, commenting that:
“This new fund is the only one in Europe that is able to invest directly in tokens. Investors benefit from a unique deal flow, managed by Olymp Capital and offering a fully diversified portfolio in blockchain and crypto asset accessed via a more cost-effective single investment vehicle. With first-mover advantage, Olymp Capital is set to be the European leader in investments in the new digital asset class.”