Yesterday BNY Mellon Investment Management launched its Blockchain Innovation Fund to the Singapore market. It’s a global equity portfolio that invests in companies associated with distributed ledger technology opportunities.
Newton Investment Management, a BNY Mellon subsidiary, is responsible for managing the fund. Retail investors in Singapore can now access the fund, and it is already available to institutional investors and intermediaries in countries including the UK, France, and Germany. It was originally launched in early 2019 and currently has around $75 million in assets under management.
Singapore has taken a supportive but cautious approach to cryptocurrencies. DBS Bank was one of the world’s first banks outside of Switzerland to offer direct access to cryptocurrencies through its DBS Digital Exchange, although access was initially restricted to accredited investors.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
