Israeli investment firm Silver Castle launched this month two of cryptocurrency Fund.
Silver Castle
Silver Castle Ltd. is the first investment firm specializing in digital currencies. Running company funds will provide its services to institutional and accredited investors. According to company forecasts, by the end of the year under management will be $50 million in assets.
Silver Castle managed to assemble a team of the major figures of the Israeli financial industry. It included former heads of Bank Hapoalim Ltd. — the country’s largest Bank by assets, and Psagot Ofek Investment House, the largest Israeli investment Fund.
About the funds
The first Fund from the Silver Castle is designed for both long-term and short-term investments in the five largest cryptocurrency. Technology trading algorithms were first tested in-house, and, according to the report, it managed to get a high profit, despite the drop in the cryptocurrency market. Second, the Fund offers a fully automated investment algorithm and a basket of the ten largest crypto-assets.
The blockchain industry in Israel is growing rapidly. At the moment, the country recorded 129 blockchain firms, and in 2015 there were only 42. Also, in recent years, Israel has launched more than 40 ICO, some of which later entered the top 20.
