Openfinance, a regulated platform for digital asset trading, has added hedge fund Protos to its platform.
This is the one of the first crypto hedge funds to be traded on an alternative trading system.
The token will trade under the symbol PRTS. Openfinance, according to the company, "Is the first U.S.-regulated digital security trading platform built for alternative assets." The company tracks multiple digital assets and is available to qualified US investors and verified non-US investors.
These investors will be able to access Protos on the platform.
"We're excited to bring the first tokenized hedge fund to the Openfinance platform," said Openfinance founder Juan Hernandez.
"The Protos Asset Management team has been working actively on their product offering for some time. While we currently have assets such as Blockchain Capital, hedge funds are a longstanding traditional asset class that are now available to investors in a digital format."
Protos claims to hedge on crypto's volatility, capturing "Profit opportunities in the digital token and cryptocurrency market while limiting losses and risk during periods of volatility or general market downturns." The company ran an STO in 2017.
Openfinance Adds Hedge Fund Token Protos to Its Trading Platform
Udgivet den Jul 9, 2019
by Coindesk | Udgivet den Coinage
Coinage
Seneste nyheder
Se alt
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.