Cryptocurrencies

Nickel Digital launches second cryptocurrency fund

London-based Nickel Digital Asset Management has announced the launch of its second cryptocurrency offering, with the Nickel Digital Gold Institutional fund aiming to ease access to Bitcoin investments.

According to a press release shared with Coin Rivet, the fund will be supported by a bespoke Walled Garden solution developed by digital asset prime brokerage Copper.

The infrastructure allows cryptocurrencies to be moved safely between and stored on several spot and derivative exchanges while reducing counterparty risks.

Michael Hall, CIO of Nickel Digital Asset Management, commented: “We have been using Copper’s Walled Garden for over a year.

“For active traders like us, it is a critical tool for managing assets and transfers securely and efficiently across multiple trading venues, while ensuring safety of investors’ capital.

“We look forward to managing the BTC in the Digital Gold fund using Copper’s infrastructure in 2020 and beyond.”

Cold wallet storage will also be provided by Fidelity Digital Assets, with Nickel becoming Fidelity’s first European partner fund in the cryptocurrency space.

Dmitry Tokarev, founder and CEO of Copper, added: “We’re thrilled to see Nickel go from strength to strength in the digital asset space. They have been key partners in developing Copper’s Walled Garden, and we’re very proud to see it implemented for their second fund.”

For more news, guides, and cryptocurrency analysis, click here.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

3 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

3 weeks ago