Callisto Capital utilizes the most advanced security techniques in the cryptocurrency market. In fact, there is a partnership with Amdax, which is responsible for the safekeeping of digital assets. They use so-called 'Cold Wallets,' which are wallets secured against online threats. Additionally, these assets are backed by reserves and are never lent out. Amdax is also regulated by De Nederlandsche Bank (DNB).
Fund administration is performed by AssetCare Fund Services B.V.
A high watermark is the point at which Callisto Capital starts to earn performance fees. If the value of the investment rises above the high watermark, the high watermark is adjusted to the new higher value. However, if the value of the investment falls below the high watermark, Callisto Capital must ensure that the investment exceeds the previous high watermark again before any further performance fees can be charged.
NAV stands for Net Asset Value and is calculated on a monthly basis. This is also the time when deposits, contributions, and withdrawals can be made. At Callisto, this occurs on the first business day of the month.
Callisto Capital maintains a minimum participation amount of €100.000 because it falls under the AIFMD registration regime. According to the AFM, funds of this type require a minimum investment of €100.000 per participant.
This is because Callisto Capital is registered under the AIFMD regime, which classifies it as a light fund. One of the conditions for light funds is a minimum participation amount of €100,000. In short, Callisto Capital is registered with the AFM but does not fall under its direct supervision. For more information about this regulation, please refer to the following link: https://www.afm.nl/nl-nl/sector/beleggingsinstellingen/aifm/reikwijdte-vergunning-of-registratieplicht-aifm
New participations, deposits, and withdrawals occur at the so-called NAV moment. The NAV moment takes place once a month, and at Callisto Capital, this is on the first business day of the month.
Although Callisto Capital trades in cryptocurrencies, it is not possible to transfer cryptocurrencies directly to the fund. You will need to sell them for euros first and then transfer the funds to the fund's IBAN bank account. However, before you can make a deposit, you must complete the mandatory Customer Due Diligence (CDD) process.
As mentioned earlier, we work closely with our independent fund administrator, AssetCare. They not only have oversight of the fund's assets and performance but also of all actions and transactions made.
Managed investing in cryptocurrencies means that Callisto Capital takes over the management of your cryptocurrency investments. The goal is to reduce the complexity and risks of trading cryptocurrencies on your own, while still allowing you to benefit from the potential of this asset class.
CDD (Customer Due Diligence) is a process by which a company verifies the identity of its customers and assesses their risk as part of its anti-money laundering (AML) and counter-financing of terrorism (CFT) obligations. This process ensures that the company has sufficient information about its customers and their activities to identify and manage potential risks. The CDD we conduct is a mandatory part of the enrollment process.
Bitcoin halving is an event in which the reward for processing transactions on the Bitcoin network is cut in half. This reward, known as a 'block reward,' consists of newly created Bitcoins and transaction fees from Bitcoin users.
