Australia based government regulated cryptocurrency lender, Helio Lending launched a new arm of its business, the ‘Helio Secured Income Fund’ on January 08 in a public release. The Secured Income Fund is a regulated Managed Investment Scheme with the license issued by the Australian Financial Services License.
With the launch of Helio Secured Income Fund, investors can now invest in cryptocurrency indirectly. It is aimed to provide Helio Lending with the liquidity to fund loan requests across the globe while targeting a return of 9.75% a year, net of all fees.
The Helio Secured Income Fund is Australia’s unregistered open-ended unit trust, open to wholesale clients with a minimum investment of $50,000.
The Fund provides investors with the liberty to invest in a select range of income-producing strategies.
The new arm of Helio has a management team with vast experience in investment banking, funds management, corporate finance, compliance, and regulation.
Helio Lending had launched its crypto lending service in December 2018. John O’Shea, Founder, and M.D of Helio Lending said at the launching event –
“Currently there are only two or three providers globally, and we are excited to offer such an exciting service acting as a direct lender, with a quick seamless process and exceptional customer service.”
According to the report released by Helio, Australian crypto investors bought $4 billion of cryptocurrency in 2017 alone. Daily crypto transactions of Australians averages to $2.8 million (or 276 BTC) in digital assets.
John O’Shea, Founder and Managing Director of Helio Lending, stated that the “Helio Secured Income Fund is an exciting way for wholesale clients to expose their portfolio’s to cryptocurrency returns, without having to worry about the asset’s high volatility.”
The report stated that “Many people across the world have expanded their perception of what constitutes an asset; how assets can be held; and how assets can be transferred.”
Helio Lending is pioneering in the crypto-asset backed lending market, with an estimated $20 billion of crypto assets in Australia untapped. Furthermore, Helio will facilitate the use of approved digital assets to borrow money to repay for normal consumer transactions, such as luxury goods, property, and other lending acquisitions.
The regulated managed investment scheme comes as great news to crypto investors since crypto usage has been growing in Australia. With the highest density of crypto ATMs in Oceania, it is an open and welcoming market to crypto. A point of a highlight is that crypto asset ownership was almost tripled from 2017 to 2018.
Will Helio’s new Regulated Investment Scheme attract more crypto investors? Share your thoughts in the comments.