Global tech investor Fatfish Internet Group’s 12.5% owned fintech venture builder Altairian Capital Holdings has received UK regulated status for it asset management subsidiary.
Altarian subsidiary Altairian Capital received approval from UK’s Financial Conduct Authority (FCA) as an appointed representative after being incorporated in England and Wales.
Meanwhile Altarian is on schedule to launch its first cryptoasset investment product, the “Global Cryptoasset Fund”, late this quarter or in early June quarter.
Fatfish said FCA authorisation was a first for the cryptoasset management industry and was proof of Altarian’s commitment to offer its clients best-in-class investment products and a desire to work in partnership with global regulators to help create responsible access to this emerging asset class.
In December last year, Fatfish announced it would invest A$320,000 in Altarian to bring its Asset Management Company (AMC) into operation while also investing A$640,000 into the “Global Currencies Fund”.
Shares in Fatfish (ASX: FFG) finished Monday at 7c.
