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Cryptology Asset Group commits USD 100 million to invest globally in crypto-related venture funds

DGAP-News: Cryptology Asset Group PLC / Key word(s): Statement/Investment Cryptology Asset Group commits USD 100 million to invest globally in crypto-related venture funds 03.06.2021 / 08:55 The issuer is solely responsible for the content of this announcement. Corporate News

Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 03.06.2021

Cryptology Asset Group commits USD 100 million to invest
globally in crypto-related venture funds

Malta, 03.06.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), a leading European investment company for blockchain- and crypto-related businesses founded by Christian Angermayer and Mike Novogratz, intends to invest USD 100 million over the next 24 months into crypto-related venture funds.

Cryptology will take an entrepreneurial approach in building its fund portfolio and will focus on first time funds and emerging managers, globally, including seeding funds and taking stakes in GPs as well.

Christian Angermayer, Founder of Cryptology, explains: "We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class. Our fund investment strategy will focus on emerging talent, taking a global approach, and will encompass both funds investing in equity stakes of crypto- and blockchain related companies as well as funds investing in crypto assets and tokens."

Patrick Lowry, CEO of Cryptology, adds: "There is no better asset class to bet on than crypto, in my opinion. Within just three years, Cryptology has grown invested capital of approx. EUR 27 million into an NAV of approx. EUR 450 million, as of June 1, 2021. This results in an estimated IRR of more than 300% per year, which is an impressive testimony to the tectonic shift we are seeing in front of our very eyes. We will work hard to continue this success story in the coming years and decades.