Australian funds simplify investments using blockchain

A venture capital fund will implement the blockchain technology
28 November 2017   638

A new Australian fund Apollo Capital is planning to concentrate on blockchain and cryptocurrency and spend $30 million for that purpose. It’s the first Australian foundation, which operates with digital money. Only people with more than 50000 australian dollars on their accounts have an opportunity to invest in the fund.

Domenic Carosa, one of the fathers of the organization (the other is Holger Arians), believes that such kind of funds is a product of its time. The establishment is indispensable for development and prosperity of blockchain technology.

But Apollo Capital is not the only fund, which deals with cryptocurrency and the blockchain technology in Australia. Managers of the NEM.io blockchain development fund are planning to invest $14 million for extension of cryptocurrency usage in the nation state. They also want to implement their own XEM blockchain platform for easier adoption of the technology.

At the same time many venture capital funds in Australia are sceptical about cryptocurrency and not ready to use the blockchain right now.

 

Monex to Open Exchange Under Coincheck Brand in USA

"New old" cryptocurrency trading platform will be focused on institutional investors; opening is planed in 2019
13 December 2018   16

Japanese online broker Monex Group Inc. announced the launch of a cryptocurrency trading platform focused on institutional investors. The new platform should start work in 2019 under the brand of Coincheck, Finance Magnates reports.

A license to provide services in all US states Monex hopes to get within a year. As the president of Monex TradeStation, John Bartleman, said, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and, possibly, XRP will be available on the platform.

In April, Monex acquired Coincheck, the victim of a hack, for $ 33.6 million. After the purchase, Monex representatives said that the cryptocurrency business plays a key role in the company's further development. The fact that Monex intends to expand its business to the US market became known in May.

It is noteworthy that earlier this month, Monex Group Inc. became one of the investors of the American stock exchange cryptocurrency derivatives ErisX. According to John Bartleman, ErisX will also serve institutional investors in the United States after regulatory approval