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Australia secures its first unlisted crypto funds with Gemini

Australia secures its first unlisted crypto funds with Gemini


Australia-based digital asset fund and venture capital watchdog Holon is acquiring its first unlisted crypto funds, Bitcoin (PTC), Ether (ETH) and FileCoin (FIL), after partnering with crypto exchange Gemini.

According to reports, the funds will use a “retail managed investment” method and invest directly in BTC, ETH and FIL. In retail managed investment schemes there are many investors who contribute and are supported by a fund manager to acquire an interest share.

Halon holds its financial services license from the Australian Securities and Investments Commission (ASIC). The license allows the company to operate managed investment schemes for regular retail investors.


ASIC oversees financial services and funds such as Holons to protect the law and consumers.

The fund includes a minimum of $5,000 per month (or $2,000 plus a $200 savings plan) and offers daily unit pricing, daily redemptions and ‘same-day payouts on asset purchases’.

Holon revealed that funds are long, gearless, and trading is free.

According to Holon, the Holon Filecoin Fund is the first ASIC-registered retail managed investment program for digital assets other than BTC and ETH.

The fund manager calls Filecoin’s own FIL token “the future of data storage,” allowing users to leverage its infrastructure to break away from a handful of global data-rich institutions.

read more: The Governor of the Reserve Bank of Australia supports privately issued tokens in CBDCs.

Interestingly, Holon is a data storage and security company for the FileCoin network, which is a service provider for major organizations such as NASA and CERN in Switzerland.