COSIMO sees opportunities in an investment strategy that targets returns* through staking protocol token accumulation with hedging capability
BOSTON & DUBLIN–(BUSINESS WIRE)–#crypto–COSIMO Ventures (“COSIMO”), the venture capital investment firm that launched one of the world’s first tokenized evergreen venture funds offering investors access to high-potential blockchain projects, announces the launch of its newest investment vehicle, COSIMO Y. The risk-managed Digital Yield* fund aims to provide a turnkey solution for institutions and investors seeking a token return that is uncorrelated to traditional markets using a risk-managed approach. COSIMO is targeting a capital increase of USD 200 million.
The fund’s launch stands on the precipice of a major inflection point for the cryptocurrency as investors anticipate an Ethereum merger that will transform the second largest cryptocurrency by market cap from a proof-of-work to a proof-of-stake network. Staking is a process that helps secure a cryptocurrency network and earns that protocol’s coins as a reward. It offers a way to generate returns from a cryptocurrency at annual rates that could potentially outperform traditional fixed income products, while supporting the efficiency of the blockchain network itself. COSIMO intends to conduct a world-class investment process in collaboration with institutional partners.
“We are very pleased to launch such an innovative fund at a time when investors are looking for ways to diversify their portfolios through a risk-managed strategy,” said Rob Frasca, Managing Partner of COSIMO Ventures. “Risk-managed exposure to increasingly popular proof-of-stake networks opens a new path for investors looking to complement their portfolio with access to the world-changing technology and potential of crypto.”
Unlike other digital asset funds that employ tactics such as liquidity pool mining and yield farming, COSIMO Y will invest in a diversified group of PoS networks and use derivative products to hedge risk. The fund will seek to accumulate tokens, benefit from price increases and mitigate losses through hedging strategies on a predictable basis. This multi-strategy approach offers options for investors looking for aggressive, moderate or conservative exposure.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale prior to registration or qualification under the securities laws of such state or jurisdiction. You can find more information about COSIMO and the new COSIMO Y fund at cosimoy.com.
About COSIMO Ventures
COSIMO Ventures is a venture capital firm focused on investing in and providing access to emerging blockchain technologies through one of the world’s first tokenized evergreen funds, COSIMO X, and its risk-managed digital yield fund, COSIMO Y, using Proof-of-Stake networks for risk-managed exposure to crypto markets. Founded in 2014 with offices in Boston, New York and Dublin, COSIMO Ventures is pioneering the next wave of digital disruption. The company invests globally in high-profile blockchain, crypto and deep technologies.
Forward-Looking Statements
This press release contains forward-looking statements, including, without limitation, statements regarding Cosimo’s expectations regarding a proposed securities offering and the anticipated structure, operations and performance of Cosimo Y. These statements are subject to significant risks and uncertainties and actual results may differ significantly from those projected. You are cautioned not to place undue reliance on the forward-looking statements contained in this press release. These risks and uncertainties include, without limitation, risks and uncertainties related to the proposed securities offering or the anticipated structure, operation or performance of Cosimo Y and any potential returns. Cosimo assumes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in Cosimo’s expectations.
*Return refers to the new coins that are regularly received as a reward for wagering the original coins. The new coins form the numerator and the original coins form the denominator, giving a percentage “return”.
contacts
media
Trevor Davis
Gregory FCA for COSIMO Ventures
215-475-5931
[email protected]
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