Transfero to launch first phase of new crypto fund within 60 days

Transfero is expected to launch its new master crypto asset fund in about 60 days, which will be based in the Bahamas. In Brazil there will be the feeder fund, that is, the one where individuals and legal entities put their resources. The feeder invests in the master, which manages the resources. There is no date for this yet. The fund must be for professional investors, that is, those with financial investments with a nominal value greater than R$ 10 million.

This fund will be quantitative, or “quant”, in market parlance. This means that the choice of assets in the fund’s portfolio takes place through algorithms and mathematical models. The choice model is pre-defined, all these characteristics allow the valuation of more assets. In addition, it will be a high-yield fund, which means high-return but low volatility. That’s what Julian Lanzadera, partner and head of Distribution and Investor Relations at Transfero, told Blocknews.

In general, high-yield, therefore high-return funds, have riskier assets. The Transfero fund will, for example, invest in decentralized finance (DeFi) protocols and will arbitrage between centralized and decentralized exchanges, Lanzadera said. The fund will be open-ended and its ability to manage resources is high due to the high liquidity of the protocols, he added.

Transfero’s master fund will be in the Bahamas

Transfero is talking to companies to manage and distribute the fund, as the model is not usual today and not everyone in the market has the capacity to do so. Transfero already has funds of hedge funds in the Bahamas. These are funds that are also more daring in the choice of assets, therefore with more risks than the traditional ones. In Brazil, these funds are called multimercados.

At the end of 2021, the cryptocurrency payments and purchase and sale company, which also has the BRZ stablecoin, received authorization from the Securities and Exchange Commission (CVM) to provide “securities portfolio manager services”. Thus, it took another step in building its cryptocurrency ecosystem. On the occasion, the company’s director of products and partnerships, Safiri Felix, told Blocknews that “the vision has always been to have a verticalized operation”. For him, Transfero’s model is similar to that of an investment bank. “We aim to be an end-to-end blockchain financial services solution.”

The partner and Chief Financial Officer (CFO) of Transfero, Carlos Eduardo Russo, stated that the company is the only Brazilian multinational. In addition to being based in Switzerland and Brazil, it is seeking to expand its business in Latin America in markets such as Chile, Argentina and Colombia, as anticipated by Blocknews. The executives attended Lide Next’s Web 3 event yesterday (30), in São Paulo.