German asset management company Union Investment launches blockchain fund

Union Investment, Germany's third largest asset management company with assets under management of 455 billion euros, announced the launch of a blockchain fund. Part of the fund's assets will be indirectly invested in cryptographic tokens, accounting for up to 15%. The main investment areas are stocks and bonds related to blockchain, DLT and digital assets. The stock investment ratio ranges from 65% to 100%, and bonds do not exceed 20% of total assets. The company emphasized that it will expand its asset structure in the future to include token-based asset forms. Additionally, Hamilton Lane announced plans to launch a new digital fund share class.

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