Private equity firm Berkeley Assets has acquired global investment and advisory service Cryptech, a Blockchain organisation which provides investment opportunities to individuals and institutions who want to explore the technology.
The acquisition comes at a time when Cryptech has expanded its reach globally, attracting interest from investors across the world who are eager to explore the opportunities to achieve substantial short term growth in the technology, trading in cryptocurrencies as well as investing in innovative start-up companies that are creating Blockchain technology solutions to revolutionise businesses globally.
With offices in Dubai, UAE and London, UK, Cryptech invests in ideas and start-ups that are utilising Blockchain as well as actively trades the top four cryptocurrencies in the world, Bitcoin, Ethereum, Ripple and Litecoin, utilising a two-pronged strategy to deliver consistent gains across cryptocurrencies and blockchain.
Cryptech experts offer in-depth knowledge of Blockchain technology and its uses, allowing them to identify leaders and opportunities in the market, and provide intuitive due diligence for cryptocurrencies by recognising trends and spikes in demand.
Mike Clark, Partner at Berkeley Assets, said: “Our acquisition of Cryptech makes perfect sense because Berkeley Assets has a history of investing in firms which lead from the front, show innovation and are forward thinking.
“While technology makes up the smallest sector of our business model, because it represents a higher risk compared to our core focus of tangible assets, we made the decision to invest because it is essential to establish the right opportunities in order to provide the maximum benefit to our clients.”
Berkeley Assets has appointed Omar Jackson as a new Partner to head up the Cryptech business, who brings a wealth of experience in the world of Blockchain. He said: “Blockchain has become a new buzzword in business and for good reason. We believe the true long term value lies in the technology that is underpinning cryptocurrencies.
“We have seen Blockchain being used in myriad applications across all industries, serving to radically transform the way businesses interact with customers and suppliers, and offering unseen levels of efficiency and security for all concerned.”
Cryptech offers clients a minimum investment option of $1,000/ GBP1,000 which can be completed digitally in multiple currencies, allowing funds to be traded within and invested from the company’s corporate account. This paves the way for investors with a range of understanding on Blockchain to gain a foothold and benefit from early stages of cryptocurrencies and the underlying technology, a right that has previously been mainly accessible to financial institutions and HNWIs only.
