DARMA Capital, a $100 million investment firm heavily invested in Ethereum, is opening to investors who want to go long on cryptocurrency, as first reported by Bloomberg.
The firm's flagship fund is an Ether-heavy portfolio with $100 million in digital assets under management.
The fund's goal is to continue accumulating Ethereum at 1 percent of the fund's holdings per month.
The fund is helmed by a number of high-profile executives from ConsenSys, a blockchain technology conglomerate created by Ethereum co-founder Joseph Lubin.
Rew Keys is one of the executives appointed by Lubin to lead the fund.
Keys co-founded ConsenSys Capital and the Enterprise Ethereum Alliance and operates DARMA Capital as a managing partner.
Unlike ConsenSys, which is focused on the technical aspects of the Ethereum blockchain, DARMA Capital, under Keys, is focused on the "Financial aspects" of the platform.
The fund is registered with the CFTC as a Commodity Pool Operator and Commodity Trading Advisor.
Only accredited investors, family offices, and institutions can participate in the fund.
DARMA plans to launch a second fund for Bitcoin in the coming months.
A $100 million investment fund is "10 years long" on Ethereum
Published on Jun 7, 2019
by Cryptoslate | Published on Coinage
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