Swiss Bank Syz to Launch Crypto Fund Worth $50 Million: SyzCrest Digital Set to Disrupt the Crypto Hedge Fund Landscape
Syz Bank, a prominent Swiss bank, is partnering with CMCC Global to launch a crypto fund worth at least $50 million. Dubbed SyzCrest Digital, the fund will go live on July 1 and will seek to raise from $50 to $300 million to invest in crypto-focused hedge funds. Switzerland’s Syz Group is joining with Hong Kong-based venture capital firm CMCC Global to launch a fund with at least $50 million to invest in crypto-focused hedge funds.
The fund, known as SyzCrest Digital Uncorrelated, will launch on July 1 and aim to raise between $50 and $300 million to invest in crypto-focused hedge funds. Syz Group has partnered with CMCC Global to launch SyzCrest Digital Uncorrelated – a fund of crypto hedge funds. This new venture represents a significant move by a traditional financial institution into the rapidly evolving world of cryptocurrency investments.
SyzCrest Digital brings together some of the most experienced players in the crypto and traditional finance sectors. The fund will be invested in crypto-centric hedge funds and will offer monthly liquidity. CMCC Global, a venture capital firm with deep roots in the crypto space, is a key partner in this endeavor. Willy Woo from CMCC Global also brings invaluable expertise to the fund. This collaboration signifies a growing acceptance and integration of crypto assets within established financial frameworks. Learn more about SyzCrest Digital and its potential impact on the future of crypto investing.