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Laxman Pai, Opalesque Asia: The platform for crypto hedge funds AKJ Crypto has launched AKJ Token, intended to become the vehicle of choice for professional investors seeking diversified exposure to crypto assets.
According to the AKJ Crypto's press statement, the AKJ token is a multifaceted investible security, integral to the latest iteration of AKJ's hedge fund platform.
The AKJ Token is a transferable security sold under EU law to professional investors only and will pay 25% of net revenues from the AKJ Crypto platform business to holders (with first crypto funds set to begin producing revenues from Q4 2018), said the statement.
The token allows holders to participate in the appreciation of a crypto fund of funds, managed by specialists. It would also ensure a secondary market with active buyers (funds on the platform are incentivised to hold 2% of investments in the Token), and offer low velocity and stability, said the release.
Commenting on the launch, AKJ Group Chairman and CEO Anders Kvamme Jensen said: "AKJ Token offers real substance and value, complies with EU law, and was designed after extensive discussions with fund managers. This offers crucial reassurance to traditional investors and enhances its appeal to the sophisticated crypto investor, who will recognise the benefits of early adoption of an ecosystem expected to reach significant mass".
AK Jensen Group Limited and its subsidiaries, established in 1995, is owned by shareholders, who...................... To view our full article Click here
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