Trecento Blockchain Capital, a blockchain-centric investment solution, has launched its Initial Coin Offering (ICO), which is dedicated to blockchain investments.
Following a ‘private sale’ that launched on the 1st June, the ICO will go live in Generva, Switzerland on the 10th July. It aims to raise up to €20m.
Trecento SAS group launched the company to become a ‘thought leader in the Blockchain world’, offering both institutional and private investors access to diversified funds, in a secure and regulated framework.
Trecento Blockchain Capital will deploy a ‘360° approach’ to investment, covering all opportunities and the entire investment cycle linked to this technology according to an announcement from the company. It offers four strategic funds corresponding to different types of investment strategy.
The first is the ICO (“Initial Coin Offering”) fund which will invest innovative companies raising funds during the “private sale”.
It will also run a crypto-trading and arbitration fund for the trading of cryptocurrencies and digital assets, a venture capital vehicle for equity investment in startups developing disruptive Blockchain solutions, and a fund of funds, which will invest in specialised funds active in cryptocurrencies and Blockchain companies.
CEO Alice Lhabouz said: “The Blockchain market is a fantastic opportunity for investment professionals. Today there are over 250 hedge funds in the Blockchain and cryptocurrency space, compared with 55 in August 2017. But most of these lack experience in active management.
“And many of these are based in exotic destinations, and have no obligation to conform to rules regarding risk management, transparency, ethics, or conflicts of interest. Conversely, Trecento Blockchain Capital will be acting on a developed and regulated market in Switzerland, under the future authority of FINMA.”
Earlier this week, Ripple has announced a new $50m fund to finance university research into blockchain and cryptocurrency technologies. The crypto payments company has launched the University Blockchain Research Initiative (UBRI) to support academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.
Binance, one of the world’s largest cryptocurrency exchanges, also recently launched a $1bn Social Impact Fund. The fund is looking to foster the growth of blockchain and cryptocurrency startups according to Ella Zhang, head of the exchange’s incubator program Binance Labs.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
