Independent fund manager Helvetic Investments initiated a regulated, open-ended cryptocurrency fund, making it the first institutional grade, diversified, crypto investment fund from Asia.

The Helvetic Investments (Helvetic) fund will provide family offices, accredited and institutional investors access to an emerging asset class, via a traditional investment vehicle. It will invest primarily in a diversified basket of the top 15 cryptocurrencies.

This will be consolidated with limited investment in the dividend yielding equities or coupon yielding bonds of companies and countries who are adopting distributed ledger and blockchain technology the firm said in a press release. KPMG will provide professional services support along with tax advisory and custody services from well-known international service providers.

Are the Crypo's Growing -up

The proprietary offline safe-keeping and audit solution is delivered in partnership with Le Freeport Singapore, whose operations boast private vault rooms, physical access control, electronic monitoring and 24-hours armed protection.

Helvetic Investments holds a capital market services (CMS) license for fund management activities under the securities and futures act, issued by Monetary Authority of Singapore.

«With the announcement from CME Group and Chicago Board Options Exchange (CBOE), this shows the maturing of the cryptocurrency market,» said Peter Stilli, CEO Helvetic.