PANews reported on November 15 that according to businesswire, closed-end investment company C1 Fund Inc. submitted an initial registration statement to the U.S. Securities and Exchange Commission (SEC) on November 12, planning to raise $100 million through an initial public offering (IPO). The fund will invest at least 80% of its total assets in equity and equity-related securities of companies in the digital asset services and technology fields, focusing on the top 30 leading companies in the field.

C1 Fund is headquartered in Palo Alto, California, and is co-founded, president and CEO by Najamul Kidwai. The fund plans to be listed on the New York Stock Exchange and will be advised by C1 Advisors LLC, also in Palo Alto. Kidwai said the fund aims to provide institutional and retail investors with the opportunity to invest in the world's leading digital asset services and technology companies and achieve investment goals by maximizing total returns. The registration statement has not yet taken effect, and the relevant stock issuance is subject to SEC review.