Trecento Blockchain Capital announces ICO for blockchain investments solution
Trecento Blockchain Capital, an initiative of the Trecento SAS group, has announced its initial coin offering in Geneva. The project's goal is to offer investors access to diversified funds in a more secure and regulated network, according to a press release.
The company plans to offer four strategic funds for investors: an ICO fund; a crypto-trading and arbitration fund; venture capital; and specialized funds in cryptocurrency and blockchain companies.
The public ICO will go live on July 10, with the goal of raising 20 million euros ($23.6 million).
"The blockchain market is a fantastic opportunity for investment professionals," Trecento CEO and President Alice Lhabouz said in the release. "Today there are over 250 hedge funds in the blockchain and cryptocurrency space, compared with 55 in August 2017. But most of these lack experience in active management, and have no obligation to conform to rules regarding risk management, transparency, ethics, or conflicts of interest. Conversely, Trecento Blockchain Capital will be acting on a developed and regulated market in Switzerland, under the future authority of FINMA."