AUG 03, 2021
Gemini to Custody Australia-Based Holon Global’s Filecoin Fund
Today, we are thrilled to announce our partnership with Holon Global Investments, a leading Australian fund manager. Gemini will serve as custodian and execution partner for the Holon Wholesale Filecoin Fund.
The Filecoin (FIL) held by the Filecoin Fund will be stored and managed in Gemini Custody™, and our global network of experienced traders will facilitate the purchase of FIL for the Fund. As we continue building Gemini’s presence in the Asia Pacific region, we are excited to collaborate with Holon Global and provide industry-leading security and compliance to institutional and high net-worth investors seeking exposure to crypto.
The custody and execution services provided to Holon’s Filecoin Fund are under Gemini Fund Solutions. GFS is the only unified platform providing custody, clearing, trade execution, and other capital markets services specifically designed to support fund issuers entering the crypto space.
The Holon Wholesale Filecoin Fund aims to raise AUD$25 million over three months, and will offer a unique fund structure with a 100% FIL return over five years and a 0% management fee. FIL is the native token of the Filecoin Network, a decentralized data-sharing platform. To generate returns, the Filecoin Fund will purchase FIL and lend it out to Holon Global Innovations, a subsidiary of Holon Global Investments. In return, Holon Global Innovations will pay the Filecoin Fund 1 FIL for each borrowed FIL over a five-year period.
Our partnership with Holon Global reinforces Gemini’s global reach as we enter the Australian market alongside one of the most innovative and forward-looking asset managers in the region.
Gemini offers crypto services and infrastructure to a growing number of asset managers and traditional financial institutions across the world through Gemini Custody, GFS, and custom integrations with registered investment advisors and FinTech platforms. As a New York trust company and qualified custodian regulated by the New York State Department of Financial Services, one of the most sophisticated financial regulators in the world, the security of our clients’ assets is our top priority.
To learn more about our full-stack of institutional crypto offerings, we invite you to reach out to us here.
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