{"id":20071,"date":"2022-01-20T10:20:00","date_gmt":"2022-01-20T10:20:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/01\/20\/axion-global-asset-management-secures-regulatory-approval-to-manage-cryptocurrency-funds\/"},"modified":"2022-01-20T10:20:00","modified_gmt":"2022-01-20T10:20:00","slug":"axion-global-asset-management-secures-regulatory-approval-to-manage-cryptocurrency-funds","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/01\/20\/axion-global-asset-management-secures-regulatory-approval-to-manage-cryptocurrency-funds\/","title":{"rendered":"Axion Global Asset Management secures regulatory approval to manage cryptocurrency funds"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>HONG KONG SAR &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\"><b>Media<br \/>\nOutReach<\/b><\/a>\u00a0&#8211; 20 January 2022 &#8211; <b>Axion Global Asset Management<br \/>\nLimited<\/b> (&#8220;AGAM&#8221; or the &#8220;Company&#8221;), a subsidiary of Edvance International<br \/>\nHoldings Limited (SEHK stock code: 1410.HK), is set to launch the Smart Beta<br \/>\nFund SP (&#8220;Smart Beta Fund&#8221;) after receiving approval from the Securities and<br \/>\nFutures Commission in Hong Kong (&#8220;SFC&#8221;) to manage portfolios that invest up to<br \/>\n100% in virtual assets.<\/p>\n<p>The Company&#8217;s new flagship product, the Smart Beta Fund, enables<br \/>\nProfessional Investors<sup>1<\/sup> to invest confidently in the fast-growing<br \/>\ncryptocurrency market via a secure investment vehicle that is managed by a SFC<br \/>\nregulated manager.\u00a0 The Fund seeks to<br \/>\nprovide superior risk-adjusted returns by tracking the Axion Global Smart Beta<br \/>\nLiquidity Index.\u00a0 The Index has consistently<br \/>\noutperformed industry benchmarks and is comprised of the ten most highly valued<br \/>\nqualified cryptocurrencies weighted by proprietary investment factors. The<br \/>\nCompany plans to reach US$100 million in AUM for this Fund.<\/p>\n<p>The launch of the Smart Beta Fund follows the recent launch of the<br \/>\nAxion Global Innovations Fund that invests in early-stage digital asset<br \/>\nventures in the burgeoning blockchain and digital assets ecosystem.\u00a0 As a specialist asset management company that<br \/>\nfocuses on digital assets and related blockchain opportunities, the Company<br \/>\nexpects to roll out more products in the future with different strategies to<br \/>\ncapture returns for investors.<\/p>\n<p>&#8216;We saw the opportunity to create the Smart Beta Fund that will<br \/>\ninspire confidence and win the trust of professional investors by combining<br \/>\ncrypto investment expertise with high governance and operational standards.&#8217;<br \/>\nsaid <b>Mr. Scottie Siu, Investment Director of Axion Global Asset Management<br \/>\nLimited<\/b>. &#8216;Not only that, we work with best-in-class and regulated<br \/>\ncustodians and trading platforms such as BitGo Trust, Coinbase and OSL, market<br \/>\nleading legal advisors Baker McKenzie and Mourant Ozannes, and expert virtual<br \/>\nassets fund administrator Ascent Fund Services to operate the fund in<br \/>\naccordance with the highest industry and regulatory standards. The AGAM team<br \/>\nwas also supported by Sidley Austin, the leading legal advisor, during the<br \/>\napproval process with the SFC.&#8217;<\/p>\n<p>\u00a0<\/p>\n<p><b>Mr. Gavin Ho, Strategy Director of Axion Global Asset Management<br \/>\nLimited <\/b>commented, &#8220;We are thrilled for Axion Global Asset<br \/>\nManagement to receive regulatory approval as a virtual assets manager and are delighted to have the backing of our parent company Edvance International,<br \/>\nwho has been a leader in the cybersecurity space for over 20 years, with whom<br \/>\nwe share a common vision to innovate and be one step ahead in sectors that we<br \/>\noperate in.\u00a0 We see tremendous potential<br \/>\nand demand for innovative digital asset products and offerings in the future.&#8217; \u00a0<\/p>\n<p>\u00a0<\/p>\n[1] The term &#8220;professional<br \/>\ninvestor&#8221; has the meaning as defined under the Securities and Futures Ordinance<br \/>\n(Cap. 571 of the Laws of Hong Kong) and its subsidiary legislations.<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2022\/01\/20\/116812\/axion-global-asset-management-secures-regulatory-approval-to-manage-cryptocurrency-funds\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211;\u00a0Media OutReach\u00a0&#8211; 20 January 2022 &#8211; Axion Global Asset Management Limited (&#8220;AGAM&#8221; or the &#8220;Company&#8221;), a subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK), is set to launch the Smart Beta Fund SP (&#8220;Smart Beta Fund&#8221;) after receiving approval from the Securities and Futures Commission in Hong Kong (&#8220;SFC&#8221;) to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20071"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20071"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20072"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}