Malta‘s financial authorities have approved the island’s first cryptocurrency investment fund, which will be called the Consulcoin Cryptocurrency Fund.
The fund’s backing is extremely diversified as it is based on the securities of listed companies, financial products linked to the blockchain and the main cryptocurrencies. This is a project of Magiston Funds Sicav Pld, a company specialising in the management of variable capital investments (SICAVs), which operates regularly and is registered in the Maltese archipelago.
The fund is advised by Consulcesi Tech, a specialist company and leader in new technologies within the framework of blockchain and cybersecurity and born from a spin-off of the Consulcesi group.
The fund’s objective is to improve the way it invests in the cryptocurrency sector, which until now has been based on exchanges that, as is well known, present security problems and complexities that are difficult to overcome.
A variable investment fund, on the other hand, provides a much greater depth of information and transparency, as well as being able to mitigate the high volatility typical of cryptocurrencies thanks to an investment in traditional finance.
The President of Consulcesi, Massimo Tortorella, said: “The moment is particularly favourable for investments in the virtual currency sector. The regulation of ConsulCoin funds allows institutional investors to enter the technology sectors in a transparent and fiscally regulated way, and this allows for the protection of all parties involved“.
Consulcesi is also committed to building a “Blockchain value model” based on investments in the fintech and blockchain sector, with attention to both new initiatives and the protection of the environment.
