Crypto

Societe Generale is behind the first French crypto fund for professionals

Published on September 22, 2022, 02:56 PMUpdated September 22, 2022 3:11 pm.

Cryptocurrencies are making their way to professional investors in the Parisian market. Arquant Capital, a management company for professional investors (institutional, private banks, family offices and corporations), announced on Wednesday the launch of the first line of funds under French law in active management and direct investment in cryptocurrencies.

The first two funds are based on bitcoin and ether, the two major cryptocurrencies by value. The management company, founded in 2019, was approved by the Autorité des Marchés financiers (AMF) as an Alternative Investment Fund Portfolio Management (AIFM) company last May. This is the only visa of its kind issued by the AMF to a management company specializing in digital assets.

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