Cosmos AM enters JV with Purpose Investments to provide new cryptocurrency investment opportunities to Australians

Sydney, Australia — February 19th, 2022  – Cosmos Asset Management (Cosmos AM) and Purpose Investments Inc. (Purpose), have today announced a joint venture partnership to provide Australians with new investment opportunities in the growing cryptocurrency ETF category.

Cosmos AM, which launched its first cryptocurrency ETF (DIGA) on Cboe Australia (formerly Chi-X) late last year, says the joint venture will allow the business to continue to deliver new and innovative digital currency products to market.

“This is an important and strategic partnership for Cosmos AM. We are delighted to be partnering with Purpose Investments, a well-respected global investment firm with significant expertise in delivering advanced financial products and technologies to market,” said Chief Executive Officer Dan Annan.

“Combined with our deep experience in the ETF and crypto space, together we are well placed to provide greater choice and diversity to Australian investors.

“There’s increasing investor demand for access to new cryptocurrency and emerging technology investment opportunities and, in partnership with Purpose Investments, we’re delighted to be able to lead the way in delivering new, sought-after products to market in this growing new asset class,” Mr. Annan said.

Purpose Investments listed the world’s first global Bitcoin ETF (Purpose Bitcoin EFT) on the Toronto Stock Exchange in February 2021. The Purpose Bitcoin ETF invests directly in physically settled Bitcoin, not derivatives, allowing investors easy and efficient access to cryptocurrency without the associated risk.

“Last year at Purpose, we launched the world’s first physically settled Bitcoin ETF in Toronto and today we are one of the largest digital asset managers in the world. The Purpose Bitcoin ETF is the world’s leading and preferred investment vehicle for easy, safe, and convenient access to Bitcoin for both small and large investors. We’re thrilled to partner with the great team at Cosmos AM to bring crypto innovations to Australian investors,” says Som Seif, CEO and Founder of Purpose Investments.  

The partnership will see the launch of new cryptocurrency investment products to the market giving Australians a regulated platform to gain access to the digital currency asset class.

About Purpose Investments Inc

Purpose Investments is an asset management company with approximately CAD $14 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

For more information, visit: www.purposeinvest.com

About Cosmos Asset Management Pty Ltd

Established in 2020, Cosmos is an Australian-based asset management company that oversees a range of digital assets, including digital currency, indexed funds and forms partnerships to bring innovative exposures to investors. Cosmos’ goal is to identify and develop specialised public and private offerings, making them accessible to Institutional and Retail investors. Through this, Cosmos aims to be Australia’s preeminent digital currency and emerging technology asset manager.

Cosmos Asset Management has been at the forefront of digital currency innovation in Australia. Cosmos was founded by Mawson Infrastructure Group, Australia’s largest digital asset miner and the first Australian digital miner to list in the US (NASDAQ Ticker: MIGI). For more information, visit: www.cosmosam.com.au

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Avatar for Dan Annan

Author: Dan Annan

Dan is the chief executive officer of Cosmos Asset Management (CAM) and is responsible for leading the business operations and strategic direction. He has extensive experience in the local and global funds management industry, with over 15 years dedicated to Exchange Traded Funds (ETFs). Before CAM, Dan was head of BetaShares Institutional ETF Business for three years. Prior to BetaShares, Dan held various roles within the iShares ETF business for BlackRock in the US and Australia. His final US post focused on capital markets, where he worked with global banks to incorporate equity and fixed income ETFs into their business models to support trading and liquidity of the ETF ecosystem. Dan started his career with AllianceBernstein in 2002 with coverage of US and Canadian pensions, corporates, foundations and endowments. Dan holds a Bachelor of Economics from St. Lawrence University, New York.