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Alternative Market Briefing

Reality Shares rebrands as Blockforce Capital, synergizes crypto hedge fund unit with ETF biz
Friday, August 24, 2018

Laxman Pai, Opalesque Asia:

Reality Shares has announced that it is becoming "Blockforce Capital" in order to reflect its broader focus on delivering access to blockchain and cryptocurrency investments.

"Blockforce Capital will be comprised of three core business units: Reality Shares ETFs and Indexes, the Blockforce Capital family of hedge funds and the highly anticipated cryptocurrency investment platform, Onramp," said a press statement from the company.

Earlier this month, reports suggested that the firm was preparing to launch a $100m cryptocurrency hedge fund.

Leading the change to Blockforce Capital are experts in the fields of finance, theoretical physics and computational astrophysics, as well as an advisory board armed with the most highly regarded leaders in the blockchain and cryptocurrency markets.

Launched in 2012, Reality Shares is an innovative asset management firm, ETF issuer and index provider. In January, it launched a blockchain exchange-traded fund (ETF) and more recently, it launched the first-ever China blockchain ETF - the Reality Shares Nasdaq NexGen Economy China ETF.

"As a blockchain and cryptocurrency leader, creating Blockforce Capital was a natural progression for us," said Eric Ervin, CEO of Blockforce Capital. "Our job is to help investors capitalize on the diverse set of opportunities presented by blockchain and cryptocurrency, and our new positioning as Blockforce Capital enables us to do just that.......................

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