• Syz Bank is partnering with CMCC Global to launch a crypto fund worth $50 million.
• The fund, called SyzCrest Digital, will be invested in crypto-centric hedge funds and aims to raise $300 million after its launch.
• Syz Bank has been actively making crypto-friendly moves over the past year, including launching Syz Crypto and hiring Richard Byworth as its managing partner.

Syz Bank to Launch Crypto Fund Worth $50 Million with CMCC Global

Syz Bank, a prominent Swiss bank, is partnering with CMCC Global to launch a crypto fund worth at least $50 million. The fund, called SyzCrest Digital, will be registered in the Cayman Islands and will be available starting on July 1, 2023. The announcement of the partnership comes at a time when Hong Kong has been taking significant steps towards regulating the crypto ecosystem. The partnership with CMCC Global will help Syz Bank expand its presence in the crypto industry and gain exposure to various digital assets.

Syz Crypto

In December 2022, Syz Bank launched Syz Crypto to provide cryptocurrency custody and trading services to clients from Switzerland and other countries. Syz Crypto offers access to four significant cryptocurrencies, including Bitcoin, Ether, Polygon, and Chainlink.

Richard Byworth

In October 2022, Syz Bank hired Richard Byworth as its managing partner. His experience in the crypto space will help Sy