0800 AEST 4-Aug-2021
Holon Global partners with Gemini to launch Wholesale Filecoin Fund
- Leading Australian fund manager Holon Global is inviting investors to participate in the growth of one of the most important innovations of this decade – decentralised data storage
- Partnering with Gemini to provide institutional grade custody for the Holon Wholesale Filecoin Fund
- Unique Fund structure, 100% FIL return over 5 years, 0% management fee
Sydney, Australia 4-Aug 2021 – Holon Global Investments and Gemini have announced a partnership to launch the Holon Wholesale Filecoin Fund . The Fund, which is seeking to raise $25m over 3 months, gives wholesale investors an opportunity to invest in a unique asset that diversifies their portfolios and provides an attractive rate of return in a low-yield environment.
Developed by Protocol Labs, Filecoin is the world’s largest decentralised storage network, which allows users to store, request, and transfer data via a verifiable marketplace. According to IDC, the amount of digital data created over the next five years will be greater than twice the amount of data created since the advent of digital storage experiencing a compound annual growth rate of 23% (CAGR).
The Fund will buy Filecoin and lend it to Holon Global Innovations, a wholly owned subsidiary of Holon Global Investments, to use as collateral in the development of a decentralised cloud data storage business. Holon Global Innovations will pay the Fund a total return of 1 Filecoin for each Filecoin borrowed from the Fund over a five-year fixed term, that is for every Filecoin Holon Innovations borrows from the Fund, it will pay the fund 2 Filecoins at maturity. The unique investment structure gives investors a return on their investment in the form of additional Filecoin, as well as exposure to movements in the value of Filecoin over the life of the Fund.
Further to this, Holon is not charging a management fee for the Fund and is paying for the Fund structure costs.
Heath Behncke, Managing Director of Holon Global, says it’s increasingly important for investors that have exposure to today’s cloud businesses to have exposure to a disruptor in the same market:
“The Fund allows sophisticated Australian investors to get in on the ground floor of the world’s biggest start up. And it’s important for investors to know the partnership with Gemini gives them confidence in one of the best custody solutions in the world.” Behncke says.
New data models like Filecoin are a more efficient way of moving data around the internet, and they will help restore the balance of power away from tech oligopolies. They also decentralise data storage, allowing anyone to participate as a storage provider and to monetize spare hard drive capacity.
The Fund gives investors exposure to the potential upside in the development of a distributed data storage network as well as earning a return on their Filecoin investment. The unique structure coupled with one of the best custody solutions available allows investors confidence to invest in the next phase of data storage innovation.
Gemini will provide the Fund with institutional-grade crypto storage and industry leading security. This allows Holon to store and manage the FIL digital assets in a secure and compliant system. Gemini is a fiduciary and qualified custodian under New York Banking Law and is licensed by the New York State Department of Financial Services to custody digital assets. It is regularly audited and subject to the capital reserve and cybersecurity requirements and compliance standards similar to those of a traditional financial institution.
Commenting about the strategic partnership with Holon, Eugene Ng, Head of Business Development of Gemini in Asia Pacific said:
“We are excited to announce this partnership with Holon Global as cryptocurrency continues to garner more attention and appeal in Australia. In recent months, we are seeing demand for the asset class growing rapidly especially for institutional clients. Working with Holon Global has been a great opportunity to showcase Gemini’s ability to provide institutional grade custody.”
The Holon Wholesale Filecoin Fund is now open at a minimum $20,000 investment to High Net Worth Investors (HNWIs), Family Office and Sophisticated Investors.
This strategic partnership between Gemini and Holon Global reaffirms Holon’s commitment to security and risk management while at the same time giving investor’s exposure to the potential growth in the Filecoin data storage network, the data storage solution for Web 3.0
Gemini is a platform that allows customers to buy, sell, store, and earn cryptocurrencies like bitcoin, ether, and DeFi tokens. Gemini’s simple, reliable, and secure products are built to empower the individual. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss.
Filecoin, the world’s largest decentralized network, allows users to store, request, and transfer data via a verifiable marketplace. Filecoin is completely open-source, enabling people from all over the world to participate. The Filecoin protocol runs on an advanced and novel proof system — a combination of Proof of Spacetime (PoSt) and Proof of Replication (PoRep), to provide unmatched efficiency and reliability. Filecoin’s advanced technology provides a robust foundation to store the world’s most valuable data sets. An alternative to costly cloud storage, the Filecoin network offers efficiently priced and geographically decentralized storage, minimizing financial barriers, and allowing users to take advantage of its unmatched network capabilities.
Holon Global Investments was founded in 2018 as a next generation asset manager. We deliver investment funds diversified across technology enabled, global businesses and digital assets, and participate and invest in digital innovations to ensure that our investors are across the world of today, tomorrow and the future. For more information, visit www.holon.investments