Source: AminaGroup
The collaboration between CPICIMHK and AMINA Group is a significant milestone in the institutional adoption of digital assets among asset management industry pioneers.
CPICIMHK and AMINA Group will provide Pacific Water Drop Digital Asset Fund with a comprehensive solution of investment consulting and banking services.
Hong Kong, July 10, 2024 - China Pacific Insurance Group (CPIC)’s Hong Kong investment management subsidiary, China Pacific Insurance Investment Management (Hong Kong) Co., Ltd. (CPICIMHK), and Switzerland-based AMINA Group, one of the first FINMA-regulated banks to offer cryptocurrency services, are pleased to announce a strategic partnership that bridges Asia’s traditional finance with the fast-growing world of cryptocurrency.
In order to adapt to the growing popularity of cryptocurrency and blockchain technology, CPICIMHK has partnered with AMINA Group to provide a comprehensive solution of investment advisory and banking services for Pacific Water Drop Digital Asset Fund. This cooperation demonstrates CPICIMHK's determination to innovate and diversify in the financial sector after obtaining the approval of the Hong Kong Securities and Futures Commission (SFC) license upgrade. This cooperation also demonstrates AMINA Group's commitment to supporting the growth and accessibility of high-quality digital asset investments worldwide.
Pacific Waterdrip Digital Asset Fund I invests in the primary market and participates in seed and private rounds of early blockchain projects. Pacific Waterdrip Digital Asset Fund II invests in the secondary market and mainly holds digital assets with POS as the consensus mechanism. The fund's robust structure and comprehensive risk management measures provide investors with a safe way to enter this emerging asset class.
Amy Yu, CEO of AMINA Group Asia Pacific, commented on the partnership: "Our collaboration with CPICIMHK demonstrates our commitment to establishing Hong Kong and the Asia Pacific region as a key region for digital assets. By leveraging our global licensing capabilities in Switzerland and Hong Kong, we and CPICIMHK are poised to set new standards in financial innovation and access, providing investors with extraordinary opportunities in the evolving cross-regional digital asset space."
CG Zhou, CEO of CPICIMHK, said: "Security and compliance are critical for any solution that bridges traditional capital and crypto assets. AMINA and CPICIMHK are at the forefront of providing these solutions, and we share a common vision and high service standards, making us a trusted partner. AMINA provides deposit/withdrawal, cryptocurrency trading and custody services for the cryptocurrency portfolios that CPICIMHK advises its clients in a secure and compliant manner. We believe that we are setting the industry standard for traditional investors to allocate crypto assets and for "crypto natives" to participate in "real world asset" investments.
The collaboration between CPICIMHK and AMINA Group represents a significant step forward in the integration of traditional and digital finance. By combining CPICIMHK's strong investment management capabilities with AMINA Group's innovative digital asset solutions, this collaboration provides customers with a unique and seamless investment experience. CPICIMHK and AMINA Group are jointly redefining financial services and building a bridge between the established financial industry and the emerging world of digital assets.
About AMINA Group
Founded in April 2018 and headquartered in Zug, AMINA Group (formerly SEBA) is a pioneer in the financial industry. In August 2019, AMINA Bank AG received a Swiss banking and securities dealer license from the Swiss Financial Market Authority (FINMA). In February 2022, AMINA Bank received a financial services license from the Abu Dhabi Global Market. In November 2023, AMINA (Hong Kong) Limited received a virtual asset-related securities and asset management license from the Securities and Futures Commission. A broad, vertically integrated range of services, coupled with the highest security standards, makes AMINA's value proposition unique. AMINA Group operates globally from regulatory centers in Switzerland, Abu Dhabi and Hong Kong, providing fiat and cryptocurrency services to traditional and cryptocurrency investors, whether individuals, businesses or institutions.
About China Pacific Insurance Investment Management (Hong Kong) Co., Ltd.
China Pacific Insurance Investment Management (Hong Kong) Co., Ltd. holds the Type 1 (Securities Trading), Type 4 (Providing Advice on Securities) and Type 9 (Providing Asset Management) licenses of the Securities and Futures Commission of Hong Kong, China. The parent company of China Pacific Insurance Group Co., Ltd. and its subsidiary Pacific Asset Management Co., Ltd. China Pacific Insurance Group Co., Ltd. takes a global perspective and gives full play to the asset allocation gene of insurance funds. Focusing on the three pillars of fixed income, equity and alternative investments, China Pacific Insurance Investment Management (Hong Kong) provides customers with various asset management and investment advisory services across traditional assets and emerging assets. Virtual assets are also included in the latest investment advisory service scope.
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