Canadian Company to Become Investment Hub for ETH

Canadian pension giant OMERS is pushing further into cryptocurrency business by creating an Ethereum focused company
30 January 2018   1059

The company under the name Ethereum Capital is hoping to become the central business and investment hub for the Ethereum ecosystem planning to raise $50 million. In order to achieve this goal the company is going to sell 2 million subscription receipts at a price of $2.50 each.

The funding round is expected to occur approximately on February 16, 2018. After that the company will invest the funds in both the Ether token and in blockchain startups.

Ethereum Capital is partially owned by OMERS and partly financed by Purpose Investments which is administrated by industry veteran Som Seif.

The main strategy of the company is to buy control stakes in Ethereum-based businesses, but it is also going to invest the Ether currency itself.

After the accomplishment of this goal each share of the company, called Ethereum Shares, will be replaced with a share in Movit Media Corp. Afterwards Movit Media Corp. plans to take over Ethereum Capital keeping the company’s name.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   195

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.