A new partnership to design ETH reference index

An effort to develop a touchstone for Ethereum token price is the purpose of ConsenSys and TrueDigital team-up
12 March 2018   406

Blockchain venture studio ConsenSys and a new affiliate of marketplace trueEX - TrueDigital, have announced a partnership between each other. The goal is be able to offer more crypto trading products to institutional investors as their interest in digital currency related derivative products is on the rise.

Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities. But the marketplace is sorely lacking the necessary foundation, infrastructure and platforms that institutional investors have come to expect in other important markets.

 

Sunil Hirani

Founder, TrueDigital

The initial step is to invent an anchor index for the market as a whole for the price of ETH. Alongside this partnership, trueEX s going to launch a special marketplace for digital assets as another step to convince institutional investors of confidence and transparency. First contracts are planned to be Bitcoin non-deliverable forwards (NDFs), settled in USD. TrueDigital, in turn, will handle the product development and manage sales and marketing for these new products.

NDFs on digital assets are the logical next step for institutional investors who are seeking exposure to Bitcoin and other digital currencies. Sunil is a proven innovator in financial products and market infrastructure, and one of the earliest advocates for the use of digital assets in institutional finance. We're looking forward to working with his team at trueDIGITAL.

 

Brooks Dudley

Vice President of Risk, ED&F Man Capital Markets

Top-3 Ongoing ICO 10th - 16th June

Let’s check which ongoing ICOs from 10th to 16th June are considered the best among our readers
18 June 2018   329

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. Hydrominer 

H3O will be the first security token with a capital market prospectus according to European financial law and a completely new model in the way investors will be able to profit from the mining process. The H3O token is the next best thing to a share in the company. In the event of an IPO the token underlying will be exchanged from a participatory right to a share in the company. In the presale you will be able to obtain H3O at a bonus of 42.8% The total supply is 7 Mio USD in the presale. In order to be compliant with this security token there are different rules for each country, there are different minimum investment requirements as well as KYC requirements.

At the moment, there's no info on the Hydrominer's raised funds.

2. Alehub 

The main aim of ALE - is to engage the technologies of decentralized applications for project management automation. It allows performing the search of works contractors and other labor force in the legal field. That is why we have created ALE – the platform to implement project management decentralized services, with a blockchain as a central element in it. One of the main ALE features - is to support multilateral smart contracts. By means of them, or, to be exact, due to the possibility to automatically administrate the relationship of the parties, the confiding environment is guaranteed. As for now, ALE is mirrored to Ethereum network in order to provide liquidity and to easier exchange listings. ALE is a security token, that grants a right for a share of ALE system profit.

At the moment, there's no info on the Alehub's raised funds.

3. Alethena

Alethena is the first Swiss Blockchain-Asset rating agency. Reliable due diligence and a resulting rating are established by providing a professional, transparent and in-depth methodology. Proudly transferring the values of its Swiss heritage, Alethena sets itself the highest standards of neutrality and independence. A scalable and decentralised methodology is the definite goals to be achieved with A.I. and Machine Learning in the near future.

Alethena
Alethena

At the moment, Alethena raised CHF 574'932 during ICO.

Check the updated Top Ongoing ICO article and take part in new poll!