DIGINEX Bitcoin Mining Company acquires a stake in Bletchley Park Asset Management (BPAM)

Although the Chinese government prohibits all cryptic things, there is a lot of appeal for Chinese cryptocurrency enthusiasts to invest in digital assets through the Hong Kong route.

Diginex, the Hong Kong-based company, based in Hong Kong, today announced the signing of a new agreement to acquire a majority stake in Bletchley Park Asset Management (BPAM). The new agreement will have Diginex holds a 75% stake in Jersey's regulated digital investment fund, with an emphasis on the fundamental need to invest in digital assets and alpha-neutral market strategies.

Through acquisition, Diginex hopes to combine their global footprint with the experience of BPAM in the investment of emerging digital assets. Further details indicate that BPAM will remain an independent hedge fund during the post-acquisition phase.

"The acquisition of BPAM is a logical step in the construction of our financial services offer.With our research for the pending launch of our multi-manager platform, BPAM stands out from many funds that we interviewed as truly institutional in the their approach to asset management, "said Richard Byworth, CEO of Diginex.

Diginex intends to add the company to the suite of financial services products ready for launch in 2019. The suite manages asset management, corporate finance, insured and insured custody on behalf of Diginex customers. Even a complete multi-jurisdictional regulated exchange is part of the launch.

"Our ongoing strategy in this space has continued to be sustainable and focused on the long term, through investments in the infrastructure that enables the adoption of blockchain technologies and the class of digital assets," adds Byworth.

Why BPAM?

Since it was set up on September 1, 2017, BPAM's investment strategy returned 4.6%, including commissions. Compared to the average yield of Bitcoin and Ethereum over the same period of -10.2, BPAM appears to be a logical investment vehicle for Diginex.

The fund employs a fundamental investment oriented towards growth, market-neutral arbitrage and strategic participation in ICO. The Jersey-based fund management company is managed by Lewis Fellas, a former portfolio manager at Harvard Management Company. With over 19 years of experience in investing, research and trading experience, the impressive track record of Mr. Fella's positive returns was the cause of the BPAM foundation.

"We launched BPAM because we encountered the difficulties investors faced in entering this class of emerging business, ie significant technological requirements for security, counterparty risk and information transparency." We have created an investment product. regulated that offers investors easy access in a familiar hedge fund format to an exciting emerging asset class. "

The CEO of BPAM further explores the possibilities offered by the forthcoming collaboration with Diginex:

"Now, with today's announcement, we will be able to provide additional investment products and access more investors around the world using the Diginex network Investors seeking to participate in the exponential growth of digital assets want security of institutional risk management, the comfort of investing in a regulated vehicle with a seasoned fund manager and the highest quality of customer service.

We can not wait to be part of the Diginex family. "