Luxembourg approves first asset manager to manage crypto assets

Mark Battersby
clock • 2 min read

Azimut has become the first asset management company in Luxembourg to obtain authorisation to manage indirect investments in virtual assets strategies, with plans to launch an unrgulated  Luxembourg fund AZ RAIF Digital Assets which invests indirectly and prominently in virtual assets. Azimut, with its Luxembourg-based product platform Azimut Investments SA, obtained authorisation from the Luxembourg supervisory authority, Commission de Surveillance du Secteur Financier (CSSF), to manage investment strategies based on virtual assets such as Bitcoin, Ethereum, and other sub-asset classes ...

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