Finexia Financial Group (Finexia) has launched its innovative crypto currency investment product, the Finexia Crypto Collective. This packaged security exposes retail and wholesale investors to a basket of cryptocurrencies in a single transaction.
The product is unique for the Australian market. The broad appeal of the Crypto Collective for all investor types lies in its easy access to the crypto behemoths, Bitcoin and Ether, as well as four additional alternative coins in a single transaction, with the minimum investment set as low as A$1,000.
Neil Sheather, the Managing Director of ASX listed Finexia Financial, said today, “Cryptocurrencies and the digital token space more generally are a legitimate and massive part of the investment market now. They sit alongside other high-volatility investment products as a genuine small allocation option within investors’ portfolios.”
“Finexia specialises in innovative solutions, so when we saw there was a genuine reluctance in Australia for investors to enter the world of cryptocurrency, we saw an opportunity to ‘demystify’ the whole crypto thing. The result is the Finexia Crypto Collective and we believe this product has met all the criteria we set out to achieve, namely, accessibility for everyone and easy to understand.”
The month of July saw some very interesting global macro-economic events unfold that impacted most asset classes, including digital assets and cryptocurrencies. The newly launched Finexia Crypto Collective benefitted from the ‘risk-on’ sentiment that gripped global markets during July. Investors in the Crypto Collective enjoyed an impressive return of 21% (Net of fees) in the month.
The Finexia Crypto Collective wraps six crypto coins into a single security, exposing investors to the six most traded coins in one investment.
The Finexia Investment Team has designed the Collective to give investors a superior return than if they had purchased Bitcoin (‘BTC’) or Ethereum (‘ETH’) in a single coin transaction. Whilst the underlying algorithm is proprietary to Finexia, the Collective is a basket of six cryptocurrencies, approximately half comprising BTC and ETH, while the other half combines the four next most significant and liquid altcoins of the cryptocurrency universe.
The value of the investment changes with the movements of the Cryptocurrency markets. However, the Collective has been designed to reduce volatility in comparison to a single coin exposure. Whilst the Finexia Crypto Collective is constructed as a medium to long-term investment, investors in the Finexia Crypto Collective have the option to deposit or withdraw monthly. The minimum investment is A$1,000, making the Collective accessible and affordable for most people.
About Finexia Financial Group Limited
Finexia Financial Group Limited (ACN 106 760 418) is an independent financial services firm specialising in Asset Management, Equity Capital Markets, Private Credit and Funds Management. Servicing the needs of individuals, corporates and institutions through its highly experienced team of advisers and executives.
Listed on ASX in 2015 (FNX), the firm is built on disciplined entrepreneurship and innovation, independently serving clients with creative investment and funding solutions.
The Company has offices in Sydney, Gold Coast and San Francisco.
Disclaimer: Any simulated past performance of the Finexia Crypto Collective is not a guarantee or reliable guide to the future performance of the product. You should obtain a copy of the PDS and TMD relating to the product and consider them before investing in the Finexia Crypto Collective. The TMD is issued and PDS arranged by Finexia Securities Limited (ABN 61 608 667 778, AFSL 485760) pursuant to Section 911A(2)(b) of the Corporations Act.