Tokenized Fund-of-Funds to Raise $100 Million Via ICO
A new tokenized fund-of-funds was announced yesterday that aims to raise up to $100 million via an initial coin offering.
New York Marriott Marquis
The Invest Experience
The digital asset class has boomed into a $100 billion market. 2017 saw investors experience enormous returns. Despite hundreds of digital asset obituaries from the financial press, these assets won’t disappear anytime soon. Many smaller retail investors have taken advantage of this opportunity, but the majority of sophisticated investors do not actively participate. That changes now. CoinDesk will host the world’s first digital asset investor outlook event, Consensus: Invest on Tuesday, November 28 at the New York Marriott Marquis. At the center of this asset class, Consensus: Invest brings 600+ institutional investors, hedge funds, money managers, banks, and family offices together and offers attendees the chance to get connected with how to invest, store, trade and judge value in this new asset class. Ultimately, attendees will walk away with a richer idea of what to expect in 2018.
Mohamed El-Erian, the chief economic advisor for Allianz, said Tuesday that he believes cryptocurrencies will become more “widespread” but as part of a broader ecosystem.
Security token startup Harbor is offering its first private placement, allowing investors to buy into a high-rise property.
Token issuers looking to fund their businesses with the proceeds should "start with the assumption that it's a securities offering," according to the SEC's Jay Clayton.
The cryptocurrency community still has plenty of questions about taxation and regulation, especially as the ICO space heats up.
The ICO community must self-regulate to lessen the blows likely to come from enforcement and regulatory actions, said speakers at Consensus: Invest.