Who is Crossgate Capital?
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Why invest with Crossgate Capital?
Our approach is to build a trusted relationship with our investors. So when you invest with us you invest alongside our team. We are right beside you all the way. So your objective is our objective.
How will I get a return?
Crossgate Capital's objective is to deliver a return to investors through an increase in the value of our crypto assets. Our aim is to increase the Share price and deliver strong returns to our investors.
How can I track the performance of my investment?
As a regulated offer (OFR12554), every Share price can be located on the disclose register (the register for offers of financial products under the Financial Markets Conduct Act 2013).
What Is your investment approach?
We only invest in the leading cryptocurrencies and they must have a market capitalisation of at least NZD $500 million.
We consider that to invest successfully in this asset class, continual research and monitoring of each asset is required. This is important in order to determine the overall asset weighting and therefore construct an appropriate portfolio. A diversified portfolio limits the exposure of investing in just one cryptocurrency.
We invest based on fundamentals not retail hype. Our approach is to take a considered position in order to deliver on our objective of providing strong returns to our investors.
The Board engage specialist cryptocurrency experts to assist them when making investment decisions. We continually review the weightings of individual assets and monitor other assets which may warrant inclusion.
Learn more about our evaluation metrics
How do you store the Cryptocurrencies?
Security is a major focus for us. That is why Crossgate Capital has entered an into agreement with BitGo to store the vast majority of the crypto assets.
BitGo is purpose-built for institutions demanding the highest-level of security and compliance for their cryptocurrencies. BitGo provides 100% cold storage technology, storing our assets in a secure offline environment. All of our digital assets are held in cold storage for the security of our investors.
BitGo provide Institutional-grade,multi-signature security, delivering modern security for modern assets.
On 21 December 2020, BitGo announced that they have reached USD $16 billion in digital assets under custody.
How do you price the Shares?
The Shares are priced in accordance with the methodology detailed in our Product Disclosure Statement. Please refer to the 'Company Valuation' and 'Valuation Basis for Share Price' sections and other applicable sections. A key component is the fair value of the assets (cryptocurrencies) at the valuation date.
How do you value the crypto assets?
Crossgate Capital has engaged Brave New Coin Ltd (BNC) to provide pricing information and therefore ensure data integrity. An accurate price for the cryptocurrencies is important in order that we can ascertain whether we are meeting our objectives of delivering strong returns to our investors.
BNC is a data and research company, powering blockchain finance, they track 2000+ coins, from 250+ exchanges and generate 8000+ market pairs.
How do I add to my investment?
Crossgate Capital provides complete flexibility to tailor your reinvestment plan at any time to suit.
With Crossgate Capital you can make one-off investments and you also have the option of setting up a regular investment on a fortnight or monthly basis. Our automatic reinvestment option continues to prove popular as an increasing number of investors elect to use this feature.
Investors have the flexibility to cancel or put on hold the regular investment plan at any time or amend the amount.
Regular investing makes it easier to achieve your investment goals with less time and effort and allows you to manage investment risk by dollar-cost averaging into the market.
Dollar-cost averaging is when you choose to invest a certain amount regardless of what the price is. When you invest for the short term, it becomes more important to ‘buy the dips and sell the rips’ at precisely the right time. If you have a longer term horizon, the objective is that the value of the investment grows over the long term even when the value goes up and down in the short term.
Regular investing may be the key to attaining your goal and our automatic reinvestment plan is a great time-saving measure to help you achieve this.
How can I exit my investment?
Crossgate Capital provides investors an easy on-ramp to a modern product whilst providing all the benefits that are associated with a traditional Share offer, such as being able to list the Shares on the Unlisted Securities Exchange (USX), based in New Zealand.
The USX is a cost-efficient and simple share trading platform for Crossgate Capital to provide liquidity to Shareholders. It provides a mechanism for Crossgate Capital Shareholders to sell their Shares, if there are interested buyers.
Crossgate Capital's ticker code is CCL.
All trading on Unlisted is conducted by seven USX registered brokers:
Craigs Investment Partners, Jarden NZ, Forsyth Barr, Hamilton Hindin Greene, JB Were, Hobson Wealth and Tribe Financial.
Crossgate Capital can also facilitate the sale of your Shares by matching the buyers and sellers of Shares, if there are interested buyers. We have facilitated multiple trades between Shareholders with the matching process being undertaken during our weekly allotment process.
Should you wish to sell your Shares, for any reason, please contact us to discuss the various options available to you.
What about Estate Planning?
As investing in cryptocurrencies becomes increasingly popular, long-term investors are increasingly concerned with the uncomfortable question, what happens to my cryptocurrencies if I pass away or become incapacitated.
Crossgate Capital is a traditional investment vehicle, with Shares titled in the investor’s name, which may provide an easier and traditional solution in respect to estate planning. If an unfortunate event occurs, the Shares you hold form part of the assets of your estate. The administrator for the estate, can therefore make contact with us to assist.
Individual investors who purchase cryptocurrencies through an exchange and hold the assets themselves may need a plan to ensure their beneficiaries can access their investment. If the private keys to a cryptocurrency wallet are no longer available, then the cryptocurrency could be lost forever. This is because blockchains are highly secure and the entire process is decentralised, so there is no way to restore a private key. This also makes whatever cryptocurrency you’ve invested in a challenge to pass on.
Individual investors may share their private keys with a trusted representative, so their investment can be accessed if required. You may need to keep a note of specific instructions on how to access the private key in the wallet, all usernames for online accounts and any details on the public and private keys themselves. Or identify another way to ensure that your investment can be accessed.
Crossgate Capital provides a simple solution to this important question.
Does Crossgate Capital prepare and lodge audited financial statements?
Yes. Crossgate Capital is required to have annual external audits and lodge its audited financial statements with the registrar. The audited financial statements are also sent to all investors.
Who do I contact if I have a complaint?
Please send an email to info@crossgatecapital.co.nz and tell us what has happened and how we can resolve matters.
If you have any documents or correspondence that will help us understand your complaint, please attach them to the email.
When we receive your complaint, we will:
• acknowledge your complaint within 1-2 working days
• gather and evaluate information about your complaint
• respond to you within 20 working days.
If we cannot agree on how to resolve the complaint, you can contact Financial Services Complaints Limited (FSCL).
FSCL are an independent, not-for-profit, external dispute resolution scheme approved by the Minister of Consumer Affairs.
FSCL’s service does not cost you anything and they will help resolve the complaint.
You can contact FSCL:
• by calling 0800 347 257
• by emailing complaints@fscl.org.nz
• through FSCL’s website: www.fscl.org.nz
• writing to: FSCL PO Box 5967 WELLINGTON 6011
Which external dispute resolution scheme are you a member of?
Crossgate Capital is a member of the Financial Services Complaints Limited (FSCL), a not-for-profit external dispute resolution scheme.
FSCL’s service does not cost you anything and they will help resolve the complaint.
You can contact FSCL:
• by calling 0800 347 257
• by emailing complaints@fscl.org.nz
• through FSCL’s website: www.fscl.org.nz
• writing to: FSCL PO Box 5967 WELLINGTON 6011
Please also refer to 'Who do I contact if I have a complaint?' question above.
Does Crossgate Capital issue quarterly reports?
Yes. On a quarterly basis we send our investors a report which provides a deep dive into the crypto market and reviews the performance of Crossgate Capital. We also report any other important matters or key dates (such as our Annual General Meeting).
What is the minimum investment?
We cater for all types of investors. The minimum investment is $100.