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 list your security token: visit fusang.co/issuers