Share this article
Openfinance Adds Hedge Fund Token Protos to Its Trading Platform
Alternative trading system Openfinance is adding PRTS to its platform.
By John Biggs
Updated Sep 13, 2021, 9:24 a.m. Published Jul 9, 2019, 8:00 p.m. 1 min read
Openfinance, a regulated platform for digital asset trading, has added hedge fund Protos to its platform. This is the one of the first crypto hedge funds to be traded on an alternative trading system (ATS). The token will trade under the symbol PRTS.
, according to the company, "is the first U.S.-regulated digital security trading platform built for alternative assets." The company tracks multiple digital assets and is available to qualified US investors and verified non-US investors. These investors will be able to access Protos on the platform.
"We're excited to bring the first tokenized hedge fund to the Openfinance platform," said Openfinance founder Juan Hernandez. "The Protos Asset Management team has been working actively on their product offering for some time. While we currently have assets such as Blockchain Capital (a SF venture capital fund), hedge funds are a longstanding traditional asset class that are now available to investors in a digital format."
Protos claims to hedge on crypto's volatility, capturing "profit opportunities in the digital token and cryptocurrency market while limiting losses and risk during periods of volatility or general market downturns." The company ran an STO in 2017.
Photo by Agê Barros on Unsplash
Higit pang Para sa Iyo
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Ano ang dapat malaman:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
Top Stories
