IQ300 and State University of Management Enter the Global Market

By February 14, 2018 Ripple
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From 18th to 20th February in Istanbul, SUM and IQ300 representatives will be the participants of the WBAF – 2018 and present their joint project to business angels from all over the world. The project will be about student’s business projects and cases development in the block chain system.

“Cooperation between the academic community and online platforms, including those using block chain technologies, is an absolute trend. We were the first in Russia to implement recommendations from the scientific community. We are pleased to present the results of this exclusive cooperation at the largest international event in the field. WBAF 2018 is a very significant event for IQ300. I am sure that its guests and participants, representatives of different countries, will not only pay attention to the effect of the joint work of the academic community and the platform developers, but will also appreciate the new opportunities it provides”, – Alexander Tkachyov, the founder of IQ300 project, said.

Earlier, the university and the IT-company entered into a strategic partnership, one of the key goals of which is the development of more than 250 new projects by the university students on the basis of IQ300. Templates for these projects and the system as a whole, as well as the methodological support for their use will be provided by the SUM experts. Thus, IQ300 will be the first service in Russia to use the academic community recommendations in its work.

According to the platform analysts, cooperation with the university will attract the attention of not only small and medium-sized businesses, but also of large commercial market players, corporations and private entrepreneurs.

About WBAF

World Business Angels Investment Forum is a platform for investors who collaborate globally to expand opportunities for economic development in the world by promoting the development of innovative financial instruments for small and medium-sized enterprises, inventors and startups.

Photo: Grayscale / Twitter
Photo: Grayscale / Twitter

Grayscale Investments, the the sponsor of Bitcoin Investment Trust (GBTC), has launched a new investment vehicle, the Grayscale Digital Large Cap Fund LLC (the “Fund”).

According to Grayscale, the Fund “provides exposure to the top liquid digital assets, through a market cap-weighted portfolio.” It comprises such cryptocurrencies as bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC).

Established in 2013 by Digital Currency Group, Grayscale is the investment community’s trusted authority on digital currency investing. Grayscale provides unparalleled market insight and investment exposure to the developing digital currency asset class. Grayscale Investments, LLC is the sponsor of the Bitcoin Investment Trust, the Ethereum Classic Investment Trust, the Zcash Investment Trust and the Digital Large Cap Fund.

In September 2017, NYSE Arca exchange withdrew a request with the U.S. Securities and Exchange Commission (SEC) to list shares of the Bitcoin Investment Trust.

Barry Silbert, CEO of Grayscale, said: “We’re excited to further expand the universe of Grayscale’s product offerings as interest in the digital currency asset class continues to grow.” He added: “As a trusted and experienced manager, Grayscale is committed to creating investment structures that are familiar to qualified investors and provide secure access to this emerging asset class.”

Grayscale believes that the shares represent a cost-effective and convenient investment relative to a direct investment in digital assets. The value of the Fund Components is determined at 4:00 p.m. New York time and based on TradeBlock’s Digital Asset Reference Rate. The primary objective of the Fund is to make shares reflect this value and provide a way to explore cryptocurrencies for investors.

“Investors are looking for broad market exposure to the digital currency asset class,” Michael Sonnenshein, Grayscale managing director, said. “This gives them the ability to make a singular investment that is going to give them exposure to approximately 70 percent of the market via this one vehicle.”

The Fund will be rebalanced quarterly, beginning on the first business day of January, April, July, and October of each year. Shares of the Fund are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

The Fund does not currently operate a redemption program, so there is no assurance that the value of the shares will approximate the value of the Fund Components held by the Fund and the shares may trade at a substantial premium over, or discount to, the value of the Fund Components, if traded on any secondary market in the future.

The Fund is not registered with the Securities and Exchange Commission and is not subject to disclosure and certain other requirements mandated by U.S. securities laws. As a result, the shares of each Vehicle are restricted and subject to significant limitations on resales and transfers.

For the first year, Digital Large Cap Fund will be solely available to SEC-accredited investors who have annual income of $200,000 or a net worth of over $1 million. They will be able to buy directly from Grayscale. Grayscale aims to list the fund’s shares publicly after one year, at which time the first buyers are able to sell their shares on the public market if they wish.

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