photo by @plnsushko on Unsplash. Released under Unsplash License
Azimut Group thus became the first asset management company in Luxembourg to obtain authorization. Through Azimut Investments, the company has established the AZ RAIF Digital Assets fund, which will invest directly in the main cryptocurrencies, in DeFi tokens, and indirectly in the capital of companies working in the blockchain field or exposed to the market.
AZ RAIF Digital Asset is the second crypto asset management fund in Europe, but will be managed from the Group's investment hub in Singapore, considered the world's leading digital finance country.
This is another step forward for the cryptocurrency sector in the European landscape, which is very fragmented from a regulatory point of view, even if the EU legislator is moving to impose a common regulation on all EU states.
In recent days there has been much talk about the possible adoption of a common digital currency controlled directly by the ECB.
For our part, we can only welcome with satisfaction this step forward.
The Cryptosniperz Team
Sources
https://en.cryptonomist.ch/2021/07/22/azimut-luxembourg-gives-green-light-to-crypto-funds/
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