Fisco, a Japanese bitcoin exchange operator, launched a $ 2.66 million cryptocurrency fund

nRunaway Comment: Fisco, a Japanese research firm and bitcoin exchange operator, announced that it will launch a cryptocurrency fund and invest $ 2.66 million. The company will be profitable from the spreads of various countries, and with the support of the government of the country, the issue will bring new revenue-generating channels to the company.n
nTranslation: Annie_Xun
Fisco, a Japanese research firm and bitcoin exchange operator, announced that it will launch a cryptocurrency fund.n
Nikkei reported that the company launched Bitcoin bonds last year and this year the new cryptocurrency fund will invest 300 million yen ($ 2.66 million) in bitcoin and other cryptocurrencies.n
Reported that the fund will be established this month, is Japan’s first.n
The company will profit from the spread of local and foreign crypto currency exchanges. Fisco said it will invest in the fund and then invest in two financial technology companies with an annualized return on investment of about 20%.n
The corporate analytics company that launched the Bitcoin Exchange in August 2016 has invested in other exchanges, including TechBureau, and launched a three-year test bond in August last year worth 200 bitcoins.n
Masayuki Tashiro, chief product officer at Fisco, told Bloomberg at the time that the offering will open up new revenue-generating channels because of government support.n

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