Crypto funds will buy and trade crypto assets. They gather funds from different investors with the purpose of investing them in crypto assets. The investment strategy is delegated to a professional asset manager.
The shares of the funds are issued in form of a security token. Each security token will act as the digital representation of owning one share of the fund. The fund is managed by a asset manager.
Swiss asset manager manages an off-shore fund (e.g. Cayman, Malta, Liechtenstein) Swiss asset manager manages an on-shore fund Foreign asset manager distributes fund in Switzerland
Collective Investment Schemes Act (CISA) Collective Investment Schemes Ordinance (CISO)