The Future Capital Bitcoin Fund (FCBF) is a $30 million global investment fund aimed at companies leveraging services based on Bitcoin and other digital currencies. The FCBF is based in Australia and headed by digital entrepreneur, investor and fund manager Domenic Carosa.

FCBF began operations this month and is accepting investments in AUD, USD, RMB, and Bitcoin and is also open to companies hoping to raise funds. According to the site, the fund was launched to “make equity investments, globally, into companies facilitating payments, exchanges, trading and smart property rights based around the Bitcoin and other digital currency ecosystem.”

Carosa, who also co-founded the fund, said “Bitcoin has the potential to dramatically alter the manner in which transactions take place across the globe and the power to create new modes of financial connectivity, seamlessly across borders.”

The FCBF is currently registered as an Early Stage Venture Capital Limited Partnership (ESVCLP) which will provide investors with complete tax free returns on income or capital account under the Australian Venture Capital Act of 2002.

According to the fund’s website, the team of has had vast experience in investing in tech, mobile, and Internet start-ups, while overall they have had “over 50 years of collective investment and funds management experience… with over 100 start-up companies, 4 previous funds, managing and raising more than $150m in investment, growing businesses from $0 to $100m in revenue and listing them.”

Mr. Sarcosa further elaborated on why investing in Bitcoin is a bold strategy:

“We view the emerging Bitcoin ecosystem as an investment opportunity that has transformative potential across a raft of social, technology-based and cultural applications and we see great scope for the broader adoption of Bitcoin and its related applications to redefine the global payment status quo.”

The Investment Manager of the Fund, Holger Arians, added “The concept of a global cryptocurrency is probably the most disruptive innovation I have seen in the last 10 years. I believe that Bitcoins will change the way we live, travel and do business.”

The timing of the fund couldn’t come at a more peculiar time, as the National Australia Bank (NAB) announced they would cut ties with business customers primarily dealing in Bitcoin and other digital currencies effective May 2. The NAB concluded that digital currency providers pose a great level of risk to the bank’s business and reputation.

Holger Arians will be present at the Global Bitcoin Summit in Beijing from May 10-12 while Domenic Carosa will be attending the European Bitcoin Conference in Amsterdam from May 15-17 to promote the Future Capital Bitcoin Fund.