Kenetic, a Hong-Kong based blockchain investment and advisory firm, made the strategic partnership with Venture Smart Financial Group (VSFG)’s SFC-licensed subsidiary Venture Smart Asia (VS Asia) for providing qualified professional investors access to cryptocurrency investment funds.
Kenetic is a blockchain firm to expand the development and adoption of blockchain technology through investments, advisory services, markets and trading.
VS Asia, licensed by the SFC in Hong Kong and VSFG’s subsidiary, provides asset management services with focus on private equity funds covering Greater China, blockchain, artificial intelligence(A.I.), credit and real estate.
VSFG Executive Director Mark Brady was cited as saying that the partnership would bring the highest standards of any buy-side institution. Pairing Kenetic’s blockchain expertise with VS Asia’s customized asset management solutions will help institutional investors gain access to fund products that suit their needs, he added.
Meanwhile, Kenetic’s proprietary investment portfolio recorded year-to-date returns of 77% in the midst of major losses in the cryptocurrency markets, according to its announcement.
Kenetic CEO Daniel Weinberg was cited as saying that Kenetic’s proprietary investment portfolio continued to outperform many crypto funds as a result of the deep institutional investment experience and strong risk management during this volatile period.
Bitcoin has fallen over 50 percent in 2018 and the overall crypto market is down around 65%, according to the announcement.