Spanish private bank A&G has launched Spain’s first locally regulated crypto hedge fund, the firm announced this week. The crypto hedge fund has been registered under the name Criptomonedas, F.I.L., and will be overseen by Spain’s financial markets regulator, Comisión Nacional del Mercado de Valores (CNMV), the announcement said. The firm added that the creation of the fund comes as a consequence of growing interest in crypto among investors. The new fund, which will be available to professional investors only, will use Crédit Agricole and Santander’s asset servicing arm known as CACEIS as its depositary. CACEIS acquired a license to offer crypto custody services in the EU.
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