Hilbert Group Partners with Xapo Bank to Launch $200 Million Bitcoin Hedge Fund

Hilbert Capital, a division of Hilbert Group AB, has entered into a significant partnership with Xapo Bank to manage a new Bitcoin hedge fund, according to a press release sent to Bitcoin Magazine.

The fund is expected to receive more than $200 million in seed investment capital from Xapo Bank and other investors, according to the statement. This initiative is launched to allow corporations, businesses and professional investors the option to generate profits in Bitcoin through structured credit agreements at the institutional level.

“We believe that offering the right products for participants in the space who are looking not only for Bitcoin price exposure, but also structured ways to grow the Bitcoin value of those investments is a natural evolution of the asset class,” said Joey Garcia. , Director of Xapo Bank. “Having the fund operated with the right level of investment expertise, security and operational integrity is critical and we see Hilbert as a key partner in this offering.”

The fund is also set to offer fees at a lower rate than Hilbert’s standard “2% and 20%” hedge funds, the press release said.

“Over the past 12 months, we have developed a close and strategic partnership with Xapo Bank, a veteran in the Bitcoin space and a Tier 1 financial institution in the digital asset space,” commented Niclas Sandström, CEO of Hilbert Group. “Given the investment opportunity and the quality and experience of the team, we anticipate that the fund will grow significantly over the next year.”