The world of crypto-currencies such as Bitcoin and the technology around them continue to cause a stir in the investments world.

JTC, a provider of fund, corporate and fiduciary services, has joined forces with international law firm Carey Olsen and investment house Global Advisors Holdings to help offer what they say is thought to be one of the world’s first regulated “crypto-denominated” fund.

CoinShares Fund I, which launched on 23 June, is a self-managed fund and will receive investment exclusively in Ether, the “crypto-fuel” which runs the Ethereum platform. The fund will then trade cryptocurrencies and other tokens, including participating in selected Initial Coin Offerings.  ICOs are the crypto-alternative to the Linux or Mozilla Foundations, and represent a form of capital-raising used by entrepreneurs in this area.

Carey Olsen in Jersey gave legal advice on the fund, with support from Chadbourne & Parke in New York, while JTC will provide a range of ongoing services including: directors, company secretary, fund administration, fund accounting and investor reporting. 

In June, Swiss firm Crypto Fund said it will launch the Cryptocurrency Fund, which it says is Europe’s first diversified investment fund for digital assets. This announcement comes just months after the US Securities and Exchange Commission rejected a request from the Winklevoss twins to list the first US exchange-traded fund designed to track the controversial crypto-currency bitcoin. (See story in full here.)