Gemini to act as custodian of BTG Pactual Bitcoin 20 Multi-Market Investment Fund

Gemini announced last Monday, April 5, through its Twitter account, that it will act as custodian and commercial execution partner of BTG Pactual Bitcoin 20 Multi-Market Investment Fund, the first “bitcoin fund launched by a Brazilian investment bank”.

“We are delighted to announce that Gemini will act as custodian and commercial execution partner of BTG Pactual’s Bitcoin 20 Multimarket Investment Fund, the first bitcoin fund launched by a Brazilian investment bank”, it said through an article published on its website.

The company explained that, as they continue to expand their institutional fund offerings, they are providing BTG Pactual, the largest investment bank in Latin America, with “secure and compatible access to bitcoin“. In addition, he commented that the fund will invest 20% of its assets under management in bitcoin and is “the first of a variety of cryptocurrency products that BTG Pactual plans to launch”.

“Gemini provides cryptocurrency infrastructure and services to a growing number of fund managers and traditional financial institutions around the world through Gemini Custody, Gemini Fund Solutions, and custom integrations with registered investment advisers and FinTech platforms”, ​​he said.

According to the company, its mission, “to empower the individual, is aligned with BTG Pactual’s goal of increasing access to investment opportunities for its clients. We are committed to providing a seamless path for global clients seeking new opportunities to enter the burgeoning cryptocurrency industry and take advantage of a growing wave of investor interest”.

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On the launch of the bitcoin fund

BTG Pactual explained that the launch occurs in line with one of the company’s objectives to “democratize access to the best investments and responds to a request from the clients themselves, who have shown interest in the cryptocurrency market”.

“We want to take advantage of all the robustness, technology and banking structure that BTG Pactual already has to offer a competitive advantage and democratize investment in bitcoin, the fastest growing currency within the cryptocurrency segment, and with a more accessible product in terms of the cost to investor”, said Will Landers, director of equities at BTG Pactual Asset Management.