Bitcoin Yield Is Moving Into Tokenized Funds

The product in one view Target 8%-12% a year in BTC terms Return source Quantitative trading strategies Investor receives An economic interest in a fund Important limit No secondary market is expected How Liberty seeks a Bitcoin-denominated return Bitfinex Securities has opened tokenized capital raises for two CMCC Global products: the dollar-denominated Crest Fund and the Bitcoin-denominated Liberty Bitcoin Accumulation Fund, or LBAF. Its listing information describes LBAF as a Cayman Islands segregated-portfolio fund of hedge funds, with tokens representing economic ownership under the relevant fund documents. Liberty targets a net annualised return of 8%-12% in Bitcoin terms.