Purpose Investments/Cosmos Asset Management strategic partnership to provide new digital asset investment opportunities to Australian investors
Mawson Infrastructure Group Inc., a digital infrastructure provider, is pleased to announce that Cosmos Asset Management Pty Ltd will be partnering with Purpose Investments Inc to provide Australians with new investment opportunities in the growing digital asset ETF category.
Cosmos AM, which launched its first digital asset ETF (DIGA) on the CHI-X stock exchange in Australia in late 2021, expects the partnership will enable Cosmos AM to continue to deliver new and innovative digital asset products to the Australian market.
Purpose Investments, an asset management company with approximately $14 billion in assets under management, listed the world’s first global Bitcoin ETF (Purpose Bitcoin ETF) on the Toronto Stock Exchange in February 2021. The Purpose Bitcoin ETF is the world’s first spot Bitcoin ETF that invests directly in physically settled Bitcoin, not derivatives, allowing investors easy and efficient investment access to Bitcoin.
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The strategic partnership, which is subject to final documentation, is expected to launch new digital asset investment products into the market in the coming months, and will see Purpose Investments become a strategic partner of Cosmos AM.
Som Seif, CEO and Founder of Purpose Investments Inc, said, “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 teams at Cosmos and Mawson to bring this innovation to Australian investors. We believe Bitcoin, as the first and largest asset in the emerging cryptocurrency ecosystem, is poised to continue its growth trajectory and adoption as an alternative asset, further cementing the investment opportunity it presents.”
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Dan Annan, CEO of Cosmos Asset Management, said, “This is an important and strategic partnership for Cosmos Asset Management. 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. Combined with our deep experience in the ETF and digital assets space, together we are well placed to provide greater choice and diversity to Australian investors. There’s increasing investor demand for access to new digital asset 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.”
James Manning, CEO and Founder of Mawson, said, “Following on from the successful launch of the Cosmos Global Digital Miners Access ETF (DIGA) in late 2021, it is fantastic to see Cosmos Asset Management now partner with such a well-established firm like Purpose Investments. We look forward to the new and innovative products to come from this strategic partnership.”
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