Xavier Buck, a Luxembourgish entrepreneur of the internet, announces his appointment as independent board member to the board of 6 Monks (6M), the first Luxemburgish authorized AIFM in capacity to manage regulated funds dedicated to crypto-assets and Web3 ecosystem.. Mr. Buck’s extensive experience as entrepreneur and Venture Capitalist will strengthen 6M’s capacity to navigate the rapidly evolving landscape of crypto assets.

The cryptocurrency industry is experiencing a shift since the approval of Bitcoin ETF early 2024. The asset class is largely catalyzed by US proposal to create crypto reserves and improving regulatory clarity. Therefore, asset managers and investors are more eager to enters crypto market and integrate this alternative asset in their strategy. With over +$100 billion AUM in Bitcoin ETFs, biggest asset managers, and even governments embrace this emerging market signaling institutional adoption that keeps gaining momentum. These inflows are reshaping the crypto landscape and investment fund are the appropriate to navigate this ecosystem. 

Xavier Buck is involved in the tech sector for more than two decades with major contributions in Luxembourg notably with successful projects such as the Data Center and the Name Space Groups. He also dedicates his time to Private Equity and Venture Capital funds as an expert independent board member. Now, he will bring to 6 Monks (6M) his vision and expertise to support the adoption of cryptoassets in the regulated fund’s industry..

“I’m confident that 6M is a key actor for all EU asset managers, banks and insurances companies willing to get an exposure to this promising asset class by creating an investment fund dedicated to cryptoassets with an appropriate regulatory coverage”, stated Mr. Buck.

Last year, 6 Monks (6M) became the first authorised alternative investment fund manager (AIFM) in Luxembourg to offer dedicated services for third-party funds focused on private equity, Web3 and cryptoassets. 6M provides AIFM and central administration services to Fund sponsors wishing to create a PE or crypto, including diverse strategies. Through the regulated coverage provided by 6M, investment funds benefit from the European passport scheme and from the appropriate regulatory coverage to target institutional investors.

"We are delighted to welcome Xavier to our board. As a seasoned internet entrepreneur with deep expertise in private equity and venture capital, as well as a track record of building successful startups, he brings invaluable insights to a business like ours. At 6M, we are committed to bridging the worlds of traditional finance and crypto investments, and Xavier's vision aligns perfectly with our mission to drive innovation in the sector." Says Julien Wolff, executive manager of 6M.