Now trade the world’s 1st tokenized hedge fund – 24/7

September 9, 2019 | Digital Assets, Hedge Funds, News
https://dailyalts.com/wp-content/uploads/2019/09/bitcoin-3137984_1920-protos-tokenized-hedge-fund.jpg

Protos’ new project opened to public investors this month

The Protos hedge fund (PTRS) is open for business.

Crypto investors can now trade the fund’s tokens on the OpenFinance Network (OFN). OFN is an SEC-registered Alternative Trading System (ATS).

PRTS includes a portfolio of choice blockchain projects and digital assets. These assets include Bitcoin, Ethereum, Monero, Ada, XRP, and zCash.

According to company sources, the fund’s projects are highly liquid.

They are also suitable for investors cherry-picking the most desirable crypto assets issued until today.

Protos hedge fund tokens

Protos Asset Management raised the first compliant “tokenized” quant crypto fund named the PRTS token through an Initial Coin Offering (ICO) in 2017. Investors across the globe could buy the token with just $1.

The fund intends to provide “exceptional returns to investors through quantitatively trading portfolios of digitally native blockchain assets.”

Welcome 24/7 Trading

Because OFN is an ATS, it offers a host of advantages compared to traditional exchanges. These are faster, cheaper transactions and 24-hour trading.

The SEC has licensed the OFN to trade Reg D, Reg A+, Reg CF, and Reg S exemptions.

The OFN lists six security tokens currently.

The actively managed hedge fund declares its Fund NAV every month.

Its NAV for August 2019 was $0.60.

 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…