FUSANG FUELS DIGITAL SECURITIES MARKET
WITH SPICE AND PROTOS LISTINGS
SPiCE VC and Protos to list their digital securities, or security tokens, on FUSANG's Digital Stock Exchange for increased exposure to Asia investors.
LABUAN / HONG KONG / SINGAPORE, 2 SEPTEMBER 2020 — SPiCE VC (SPICE), a tokenised Venture Capital fund investing in companies building the tokenisation ecosystem and Protos (PRTS), a tokenised hedge fund investing in cryptos and tokens, have received approval from FUSANG's Listing Committee to list their security tokens on FUSANG. Both listings come at an opportune time as COVID-19 has spurred the move towards a cashless and digital future, which in turn has fast-tracked overall investments and developments into digital assets and blockchain projects.
FUSANG is set apart from other marketplaces with its securities exchange license which allows it to act as a secondary market, as well as listing digital securities for the first time as a primary listing. With a market-ready solution to a severely underserved market of issuers with limited options to list their tokens, FUSANG provides access to both private and public investors.
"It's a milestone for the digital asset industry to have two established companies fuel Asia's security token marketplace. Both SPICE and PRTS provide an attractive offering that simplifies the decision for any investor to diversify their exposure to digital assets.", said Henry Chong, CEO of FUSANG.
As one of the pioneers of the Digital Securities space, SPICE VC's fund invests in leading companies forming the tokenisation industry, including Securitize and Blockdaemon. Its security token was first made available on a US regulated trading platform in Nov 2018. With its listing on FUSANG, it will now have expanded exposure to the rest of the world, including Asia. As of 31 March 2020, the NAV for SPICE VC tokens is currently USD 1.32; it is now open for its second round of funding.
"We are excited about the listing of SPICE on the FUSANG Exchange. It is another step forward in improving liquidity and overall reach for SPICE investors, in addition to the current trading and liquidity options available. At the same time, it is a major step in the build-up of the digital securities ecosystem in Asia, and towards the digitalisation of financial markets." Said Tal Elyashiv, founder and Managing Partner of SPiCE VC.
Similar to SPICE, Protos (PRTS) is also listed on a US regulated trading platform and raised funds in 2017 to begin their investment fund. The Protos team has a strong background in trading cryptocurrencies with a combined experience of over eleven years. The team believes that they are presenting a simple way through the PRTS Token for investors to gain exposure to actively managed portfolios in BTC and ETH as well as up and coming crypto assets in the DeFi space.
Protos trades with over 300 accredited individuals, family offices, institutions and funds of funds. As of 30 June 2020, their current fund includes 22 assets with considerable exposure to Bitcoin and Ethereum, as well as smaller exposure to DeFi tokens such as Bancor, Cardano or Ren and a NAV of USD 0.27 for PRTS tokens.
This news follows the partnership announcement with FUSANG and Securitize, a platform for security token issuance and management services. Both SPiCE VC and Protos utilise Securitize's suite of services to issue their tokens and selected FUSANG as a listing venue to access investors outside the U.S.
● To learn more about SPICE VC and PRTS, join FUSANG's webinar interviews with the founders fusang.co/webinar.
● To list your security token, see fusang.co/issuers.
● To store and trade digital assets, register as a user fusang.co/investors.
ABOUT FUSANG CORP (FSC)
Fusang Corp, established in 2014, is the first fully-regulated platform in Asia providing end-to-end infrastructure to support Security Token Offerings (STOs), allowing both retail and institutional investors to access the digital asset markets in a secure, compliant, and convenient way. Fusang Corp has issued all of its equity as digital shares (see fsc.fusang.co for our real-time blockchain-based cap table).
ABOUT FUSANG EXCHANGE LTD
Fusang Exchange Ltd, a subsidiary of Fusang Corp, is licensed in Labuan, Malaysia as a Securities Exchange under Part IX, Section 134 of the Labuan Financial Services and Securities Act 2010 (LFSSA). Fusang Exchange is the first fully-operational stock exchange in Asia that allows for companies to go public through a digital IPO accessible by both retail and sophisticated investors globally. Fusang supports the trading of both digital securities and cryptocurrencies.
For more information, visit fusang.co/exchange.
ABOUT FUSANG CUSTODY LIMITED
Fusang Custody Limited, a subsidiary of Fusang Corp, operates the Fusang Vault, a secured digital asset custody platform, and Fusang Digital Identity, an AI-powered KYC/AML solution. Fusang Custody acts as Transfer Agent for Security Token Offerings, providing a full platform to manage & operate digital security issuances. Fusang Custody Limited holds a license as a Trust or Corporate Services Provider (TCSP) in Hong Kong.
For more information, visit fusang.co/vault.
ABOUT SPiCE VC
SPiCE VC is a Venture Capital fund providing investors exposure to the massive growth of the blockchain/tokenisation ecosystem. SPiCE invests globally in platforms and ecosystem providers, enabling access to capital markets, banking, real estate, and other industries enhanced through Blockchain technologies. The fund focuses on companies who stand to benefit the most from the massive growth of the industry. Combining institutional know-how, hands-on management, entrepreneurial innovation, and professional investment experience SPiCE's management team has experience in hundreds of tech funding rounds totalling billions of dollars; as entrepreneurs, investors, and executives. SPiCE has offices in the US, Switzerland, Singapore and Israel. To learn more about SPiCE VC, visit www.spicevc.com.
Protos is an actively managed hedge fund with an investment strategy of making strategic investments in digital tokens and actively managing digital tokens, cryptocurrency, and other cryptocurrency investments. The fund's objective is to achieve capital appreciation and produce superior risk-adjusted returns while concurrently seeking to use strategies designed to reduce risk. To learn more about Protos, visit www.protosmanagement.com.
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