Coinspeaker China’s CPIC Joins Forces with Swiss Crypto Bank for Business Expansion
The Hong Kong arm of the Chinese state-backed property insurance company, China Pacific Insurance Company (CPIC), has teamed up with the Swiss bank AMINA Group (formerly known as SEBA Bank) in a strategic move to embrace crypto and blockchain technology.
The company, known as CPIC Investment Management (CPICIMHK), stated that this partnership is part of its efforts to expand its presence in the Asia Pacific region. Countries in this part of the world include Japan, India, Australia, Bangladesh, Cambodia, and Fiji.
A Strategic Partnership
According to an official announcement on July 10, the partnership will enable CPICIMHK to offer integrated investment advisory and banking services specifically tailored to the Pacific Waterdrip Digital Asset Funds. The funds are divided into two distinct categories: Fund I and Fund II.
Each fund is designed to target different opportunities within the crypto market. Pacific Waterdrip Digital Asset Fund I is dedicated to supporting early-stage blockchain projects. It provides essential capital to foster growth and development in the crypto sector. According to the company, this fund aims to support innovative startups and emerging technologies, helping them to reach their full potential.
A Focus on PoS Chain
In contrast, Pacific Waterdrip Digital Asset Fund II is dedicated to supporting digital assets that operate under the Proof-of-Stake (PoS) consensus mechanism. This fund targets more established projects that offer energy-efficient and secure digital assets, presenting a unique opportunity for investors to engage with sustainable and scalable blockchain technologies.
Despite their differences, both funds share a common goal of promoting the growth of the crypto economy. They provide essential capital to software developers building innovative projects, thereby driving the development and adoption of blockchain technology.
CPICIMHK explained that the robust structure and comprehensive risk management strategies of these funds offer investors a secure pathway into this emerging asset class.
Regulatory Compliance and Market Expansion
The partnership with AMINA comes a few days after CPICIMHK upgraded its operational licenses authorized by the Securities and Futures Commission of Hong Kong (SFC).
Under the new licenses, the company can offer distribution and investment advisory services specifically related to virtual asset investment products.
These products will be fully regulated by the market watchdog in compliance with the crypto regulations in Hong Kong.
CPICIMHK and AMINA will work together to expand the reach of digital asset investment products across the APAC region, making them more accessible to a broader range of investors. The two firms plan to leverage each other’s expertise and resources to offer customers a seamless investment experience.
“By leveraging our combined strengths with our licensed capabilities across Switzerland and Hong Kong, we, with CPIC Investment Management (HK), are poised to set new standards in financial innovation and access,” said Amy Yu, CEO APAC of AMINA.
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China’s CPIC Joins Forces with Swiss Crypto Bank for Business Expansion