Syz Bank and CMCC Global are working together to introduce SyzCrest  Digital, a $50 million cryptocurrency fund that is registered in the  Cayman Islands.

Aiming to generate $300 million after its launch, the fund,  known as SyzCrest Digital, would invest in hedge funds that focus on  cryptocurrencies.

The partnership’s announcement comes as Hong Kong has been making  considerable strides in regulating the cryptocurrency industry.

Syz Bank will be able to increase its visibility in the cryptocurrency  sector and receive access to a range of digital assets thanks to its  relationship with CMCC Global.