Cryptocurrency trading advisory and digital assets management firm, Altonomy has officially launched its sell-side Over-the-Counter (OTC) cryptocurrency trading desk, and its blockchain-based virtual currency index fund called the Altonomy Taurus Index Fund to make it easier for institutional investors to own cryptocurrencies, according to a Finance Magnates report on September 18, 2018.
Introducing Cryptos to Institutional Investors
Per sources close to the matter, Altonomy, the first dedicated sell-side trading platform providing OTC-trading, liquidity, advisory and asset management services for the big players and institutional investors in the cryptospace, has officially unveiled its institutional grade index fund called the Altonomy Taurus Index Fund.
The fund’s primary objective is to help investors diversify their crypto portfolios via its OTC sell-side platform and a new broker-dealer model.
The Altonomy team claim to offer clients an unprecedented degree of transparency and professionalism, with its state of the art technology and a highly reputed network of partners and funds globally.
Taurus Clients to Track Crypto Market Performance Easily
In addition to helping interested investors manage their cryptoassets, the platform will also provide a way for clients to track the performance of the entire cryptocurrency market with just one digital asset.
Generally speaking, index funds have given investors more returns on investments than the average managed fund ever since, however, the Altonomy team claim that their Taurus Index Fund has outperformed Ethereum (ETH) by 55 percent as of November 12, 2018.
While experts have predicted a massive bloodbath for most crypto funds this year, the Altonomy team has however stated that the Altonomy Taurus Index Fund is designed to cushion the adverse effects of market risk through diversification, low cost of rebalancing and high liquidity.
Altonomy has said that its index fund would be far less like an ETF and more like private placement investment portfolios offered only to accredited investors.
The fund targets the market-cap weighted holdings of the most liquid digital assets to give clients more liquidity, less volatility, and risk.
The co-founder of Altonomy, Ricky Li reiterated that the founders have carefully studied the markets and discovered there is a real need to create a dedicated OTC sell-side cryptocurrency trading desk to give ICO organizers and hedge fund managers’ excellent trading options with unlimited liquidity.
Pent Up Interest from Institutional Investors in Cryptos
In recent times quite many mainstream financial institutions have shown interest in launching one crypto-linked service or the other.
In August BTCManager informed that investment banking heavyweights Goldman Sachs was looking to launch its cryptocurrency custody shortly.