3 crypto-investment funds launched around the world

Silver Castle Ltd, the first Israeli investment company specializing in cryptocurrency, has unveiled two new cryptocurrency funds this month as well as another fund, expected by the end of the year.

Success in perspective

According to the statement of Eli Mizroch , CEO at Silver Castle, two funds launched and registered in the Cayman Islands have been accredited. These "funds have a solid infrastructure of very high security. "

Blockchain's founding partner, Gadi Isaev, says, "This is a landmark event for the entire Israeli market. "

In addition, he praised the management team, made up of renowned employees in the Israeli financial services sector, to name only Zvi Ziv, former CEO of Bank Hapoalim Ltd, and Gabriella Ravid, founder and former CEO of Psagot Ofek Investment House.

The first fund, both short-term and long-term, is based on an algorithmic crypto-trading system of five major cryptocurrencies in terms of market capitalization. Tested internally, it has experienced double-digit dollar returns, despite the decline in the market.

The second fund, based on an algorithmically weighted basket of the ten main crypto-assets, is fully automated.

Finally, the third is a tokenized venture capital fund, taxed on the Initial Coin Offering ( ICO ).

Despite the downtrend in the market, the company expects to generate around $ 50 million by the end of the year.

Emerging technology booming in the country

Israel seems to want to maintain its favorable reputation for start-ups.

The number of local Blockchain businesses in Israel increased from 42 to 129 in 2015.

In addition, the country has hosted more than 40 ICOs in recent years, three of which are among the 20 largest in the world.

This growth is mainly due to the existence of effective regulation advocated by Israel.

What do you think of the launch of these funds by the Israeli firm? Give us your opinion in the comments section below.