CoinIX Launches New Crypto Investment Shares as Electronic Securities

Hamburg-based investment firm coinIX, in collaboration with NYALA Digital Asset AG and tokenforge GmbH, has launched new shares for its crypto investment fund, COINVEST SCI1, as electronic securities on the Polygon Proof-of-Stake Network. This initiative transitions the fund's documentation from physical certificates to fully digital registrations, making investment shares directly allocable to investors' digital wallets.

The newly issued electronic securities facilitate streamlined processes for investor transactions and account management. These securities are generated and managed through a partnership with NYALA Digital Asset AG’s subsidiary Smart Registry GmbH, functioning as the crypto registry operator, and tokenforge GmbH responsible for digital subscription services.

The COINVEST SCI1 fund, which targets professional and semi-professional investors with a minimum investment threshold of EUR 50,000 for professionals, focuses on investing up to 100% of its assets in diverse crypto assets. According to Moritz Schildt, Managing Director of coinIX Capital GmbH, and Claus Tumbrägel, a board member, the launch showcases the technical feasibility and benefits of electronic securities in simplifying asset transfer and ownership processes.

Daniel Wernicke, Co-CEO of NYALA Digital Asset AG, expressed enthusiasm about their role in pioneering the tokenization of investment shares, highlighting the potential growth of tokenized security adoption stemming from such initiatives.