UK’s Nickel Digital Rolls Out Second Cryptocurrency Fund

Nickel Digital Asset Management on Wednesday announced the launch of its second cryptocurrency fund aimed to ease access to Bitcoin investments.

Nickel Digital Gold Institutional Fund, to be supported by Walled Garden solution developed by digital asset prime brokerage Copper, will have an infrastructure that allows cryptocurrencies to be moved safely between and stored on several spot and derivative exchanges while reducing counterparty risks.

Michael Hall, CIO of London-based Nickel Digital Asset Management, said:

“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.”

Therefore, Nickel will be the first European fund in the cryptocurrency space to sign such partnership by which Fidelity Digital Assets will provide cold wallet storage to Nickel.

Dmitry Tokarev, founder and CEO of Copper, said:

“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.”

Share this page