Øks Capital Management AS Announces the Launch of Øks Crypto Fund I

Oslo, 2 May 2022 - Øks Capital Management AS announced that its inaugural investment fund, Øks Crypto Fund I, will launch at the beginning of Q3 2022. The fund will focus on large-cap cryptocurrencies, including bitcoin (BTC) and ether (ETH), as well as growth investments in Layer 1 chains, decentralized finance applications, non-fungible tokens, metaverse platforms and venture rounds for early-stage blockchain protocols.

The manager’s maiden fund will be one of the first in the Nordic region to offer investors direct exposure to the rapidly growing cryptocurrency sector. “Cryptocurrencies and tokenized ownership of digital assets are quickly becoming recognized as a legitimate and enticing investment opportunity. Our aim with this fund is to help investors realize the value of this sector, without them having to deal with the technical complexities and barriers to entry of the asset class.” said Frikk Vermedal, Partner and CEO of Øks Capital Management.

In an effort to capitalize on the recent growth of the cryptocurrency sector, Øks Crypto Fund I will begin fundraising efforts during Q2 2022 within Norway and will target an official launch date in Q3 2022. The total market capitalization of cryptocurrencies has grown more than 100% since January 2021 and currently sits at around USD 1.75 trillion. In addition, the global crypto asset management market size is projected to grow from USD 0.4 billion in 2021 to USD 1.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period.

For more information about Øks Crypto Fund I, contact Øks Capital Management at contact@okscap.no