Invictus Capital (Invictus) has taken a step to launch the world’s first regulated and tokenized mutual fund. The company has been innovative since its inception in 2017, starting with the launch of the first tokenized crypto index fund, Crypto20.
This has set a record for Invictus as a pioneer and major player in the digital asset industry. The recent regulated and tokenized mutual fund is designed to offer a wide range of products to compliant investors. The company has always welcomed regulators to watch over the space and protect its users from regulatory challenges.
“We are very proud to have become the world’s first regulated, tokenized, and administered mutual fund,” says Daniel Schwartzkopff, Co-Founder of Invictus Capital. Regulation has always been a concern for any company in the crypto space, and previously obtaining this kind of regulated structure was not possible for any crypto asset manager. Now, with the instantiation of new mutual fund laws and obtaining the requisite asset management and fund licenses, we can focus solely on building products and features our user-base loves with a clear sight of the framework within which we operate,” he added.
With the regulatory compliance inherent in its design, the fund will be positioned to benefit from the influx of institutional investors who prefer to work with compliant companies. It also meets the needs of investors who have repeatedly asked to be assured of their ownership and security of underlying assets. Invictus will make sure that all open-ended Invictus funds have the same oversight as any other regulated mutual fund within the Cayman Islands.
There will be annual external audits as well as daily fund valuations to ensure that regulatory and security standards are maintained. With such a level of compliance, Invictus is set to continue building without any interference from regulators.
 
 
To further improve the quality of services, Invictus Capital is also migrating its tokenized fund shares from the Ethereum network to Polygon. This means transactions such as investing, staking, sending, receiving, and redeeming will cost much less. It also means that all fund shares will exist as tokens on the Polygon network only going forward.
Source: https://zycrypto.com/invictus-capital-becomes-worlds-first-regulated-tokenised-and-administered-mutual-fund/