MV Index Solutions GmBH (MVIS) in partnership with Cryptcompare has announced a licensing deal with Arrano Capital’s recently launched bitcoin fund.
According to a press release, the global leader in digital asset data Cryptocompare has partnered with MVIS to provide indices to Arrano Capital, the blockchain arm of Venture Smart Asia Limited.
In addition to tracking the price of bitcoin, the index provides unique features such as daily subscription and redemptions, which offer investors greater ease of access, security and liquidity. The release claims the fund is only available to institutional and professional investors and aims to bridge the gap between regulated finance and the digital asset industry.
Avaneesh Acquilla, chief investment officer at Arrano Capital, said of the partnership,
Not only is MVIS extremely well regarded, the company has an innovative approach which suits digital assets, combined with the track record to develop indices that are licensed to underlie many exchange traded funds (ETFs).
CryptoCompare CEO and co-founder Charles Hayter said the licensing deal would help bring institutional-grade products to investors looking to gain exposure to bitcoin.
He continued,
With the launch of their fully regulated Bitcoin fund,VSFG and Arrano Capital will help further the adoption of digital assets that fulfil the needs of institutional investors.
The release claims family offices, endowments, pensions and other institutions are interested in crypto-assets as a hedge against inflation and for long-term growth potential.
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