Switzerland’s largest bank Syz, to invest in Bitcoin and Ethereum

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

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

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

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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.

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