Factom
$8.80 -0.59%
FCT · 71w

Hedge Fund opens position on FACTOM

US, July 26, 2017 at 16:00 BST

General Crypto is a hedge fund that provides high net worth investors with liquid exposure to cryptocurrencies like Bitcoin, Ethereum, and Ripple.

PALM HARBOR, FL, UNITED STATES, July 26, 2017 — General Crypto, a $25 million cryptocurrency hedge fund, has launched to provide high net worth investors with liquid exposure to the cryptocurrency market and digital assets that they believe could run the technological infrastructure of the future.

Since the start of 2017, the total market cap of cryptocurrency has grown by more than sevenfold to over $100 billion USD, with coins like Ethereum rising in price more than 5,100 percent.

“General Crypto was founded because we believe that cryptocurrencies are one of the most powerful forces in technology since the proliferation of the internet,” says co-founder Zach Hamilton. "Our Fund offers professionally curated exposure to this entirely new asset class, handling everything from compliance and reporting to security and custodian.”

Hamilton is a venture capitalist at Venture51, an early-stage VC firm based in Southern California, and has been an active cryptocurrency trader since 2014. Hamilton has overseen limited partner relations, portfolio management, due diligence, and fund sourcing for several early-stage technology funds.

“We believe there’s no better asset class in the world today,” says Hamilton’s partner and co-founder Logan Kugler. “The growth potential of cryptocurrencies is enormous and investors are fully liquid at all times.”

Kugler is a serial entrepreneur who has written about advances in technology, including cryptocurrency, for Popular Science and Association of Computing Machinery, the w...

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