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Valentus Capital Plans $50M Token Raise for Credit Fund: Report

The yet-to-be-registered asset manager hopes to launch its VAL1 token later this year.

Sep 23, 2020 at 8:52 p.m. UTC
Updated Sep 14, 2021 at 9:59 a.m. UTC

A prospective U.S. private equity investments shop called Valentus Capital Management is hoping to raise its first $50 million by tokenizing itself and offering the tokens for sale.

  • According to Reuters, the yet-to-be-registered asset manager hopes to sell digital securities called VAL1 that gives its holders a stake in Valentus' planned $250 million credit fund.
  • Valentus is pursuing the tokenization and offering with a little-known digital asset outfit called Realio, Reuters said. Realio's CEO Derek Boirun did not immediately provide comment.
  • Token sales will fund Valentus' planned investments in distressed debt and mortgage securities, the Reuters article said.
  • If the offering goes through late this year or early next, it will be the first time a U.S. private equity fund has successfully tokenized itself for U.S. investors, Valentus investments chief, Behzad Taufiq, told Reuters.
  • Valentus did not immediately return CoinDesk requests for comment.

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