Azimut Group became the first asset management company in Luxembourg to obtain authorization from the Commission de Surveillance du Secteur Financier to manage investment strategies in virtual assets.
Through the Azimut Investments platform, the company plans to launch the AZ RAIF digital assets fund that will invest in cryptocurrencies such as bitcoin or ether, in DeFi tokens or in shares of fintech companies and those working in the blockchain space.
The authorization allows Azimut Investments to extend its AIFM license to more effectively manage alternative investment funds (AIFs) that will give exposure to these new asset classes in an active, diversified manner and within risk management frameworks. specific.
AZ RAIF Digital Asset is the second largest crypto asset management fund in Europe, but will be managed from the group’s investment center in Singapore, considered the world’s leading digital finance country.
Commenting on this important opportunity, Giorgio Medda, Global Head of Asset Management of the Group, said:
“The product initiative targets long-term investment objectives, with broader diversification horizons for our clients’ portfolios in an extremely dynamic market environment.
Azimuth and crypto
Azimut, founded in Italy in 1989, is one of the largest independent asset managers in Europe and the first in the country.
It operates in all global markets, integrating the management and distribution of assets in order to identify and create the best market opportunities for each type of investor.
The parent company Azimut Holding was listed on the Italian Stock Exchange on July 7, 2004 (AZM.MI) and is, among others, a member of the main Italian index FTSE MIB. Azimut currently has a market capitalization of 3 billion euros and a stock price of 21.25 euros.
In recent months, Azimut Group has increasingly entered the virtual asset market: in April, it issued Azim Token, in collaboration with Sygnum, the world’s leading digital asset bank, which digitally represents a portfolio of 5 million euros in loans to small and medium-sized enterprises.
Azim is the world’s first security token promoted by an asset management company which, according to group founder Pietro Giuliani, will open a new frontier in real economy investments and offer new scenarios for the management of assets where, thanks to the tokenization process, even investments that generally cannot be liquidated in the short term, such as those in private markets, can become liquid and immediately transferable thanks to blockchain technology.