Just when it seems that cryptocurrency is a time of decline and many investors are starting to lose hope, you find that this is not the case in the context of large acquisitions. Indeed Azimut, the asset management company, has acquired a 20% stake in Diaman Partners, an asset manager focused on quantitative strategies and crypto assets, which operates under the supervision of the Malta Financial Service Authority (MFSA).
This partnership looks like a definite push in the direction of crypto assets, then. The corporate partnership, explains a note, accompanies the choice of Azimut Investments, the management company of the Azimut Group in Luxembourg, to appoint Diaman Partners as managing director of AZ RAIF II Digital Assets, an open alternative investment fund under Luxembourg law which has as main objective is to offer indirect exposure to the cryptocurrency market by investing in a diversified basket of Exchange Traded Products, through active management deriving from quantitative risk control.
Giorgio Medda, CEO and Global Head of Asset Management & Fintech of the Azimut Group, stated that “crypto assets, such as blockchain technology, will increasingly influence the future of the asset management industry and, in this vision that exceeds short-term market dynamics, we are convinced that Diaman has the potential to carve out a leadership position in Italy and Europe in crypto investments. The partnership lays the foundations for jointly developing new tools with which to allow our Group’s customers to access the opportunities offered by these assets “.
For Azimut, the partnership announced today represents a step in support of the development of innovative projects in the world of crypto assets, and decentralized finance in general, which the Group has been exploring a few years ago. A path that allowed the launch of Azimut Token, a Security Token dedicated to asset management.
