ICONOMI , the first-ever fund management platform for Blockchains and cryptocurrencies, today announced that approximately $5.8 million in equity and operational capital had been raised through an Initial Coin Offering (ICO). Developed by the team at Cashila, one of the first registered bitcoin companies in Europe, Ethereum-based ICONOMI is creating a disintermediated alternative to the multi-billion dollar fund management industry, “uberizing” traditional Wall Street. ICONOMI’s extraordinary potential has led more than 2,270 investors to raise more than $5.8 million thus far. In 31 days, ICONOMI has become the 20th most highly capitalized crowdfunding project to date. Potential investors have three more days to invest before the ICO closes on September 29, 2016. At its close, ICO token holders will exercise 100% ownership of ICONOMI. Backers of the ICO will be issued “ICN” tokens that function as equity shares in a new type of fund management platform specifically focused on Blockchain, the fastest growing sector in finance. According to CoinMarketCap.com , total existing cryptocurrencies are now valued at over $12 billion, rising from $7 billion at the beginning of this year . For the first time, investors will be able to participate in this rapidly growing market by investing in actively or passively-managed ICONOMI funds. With full transparency, ICONOMI will provide the foundation, infrastructure, and guidelines for funds offered on their platform, with varying levels of expected yield and risk profiles. The first ICONOMI funds were revealed last week at Ethereum’s Devcon2 in Shanghai: ICONOMI.INDEX, an index investment fund comprised of a basket of popular cryptocurrencies that minimizes volatility, and ICONOMI.PERFORMANCE, an actively managed fund targeting higher yields and run by credentialed, expert traders. The ICONOMI Cryptocurrencies Index (ICNX) is now available for investor review, and both funds are expected to launch in Q4 2016. Additional, custom funds created by […]
