According to Odaily, Halogen Capital, a digital fund management company, has announced the launch of its actively managed crypto fund, the Halogen Shariah Crypto Titans Fund (HSCTF). As per the fund's information memorandum, the HSCTF aims to invest heavily in a basket of digital assets that comply with Islamic law and are traded on the Digital Asset Exchange (DAX) licensed by the Malaysian Securities Commission (SC).
The HSCTF plans to invest between 70% and 100% of its net asset value in at least four digital assets that comply with Islamic law. In addition, up to 70% of the ETH held by the fund is used for Ethereum network validation activities, also known as PoS staking.
