Tokenbox Sets Mission to Build Legal Secure and Competitive Fund Management Community and Shield Investors from Shady Operators

Tokenbox, a comprehensive infrastructure solution designed to supply all the trading and compliance infrastructure needed to easily create new investment funds specializing in the fast-evolving cryptocurrency asset class, expects to raise the equivalent of $20 million at its Token Generation Event.

The Tokenbox system was inspired by the experiences of Viktor Shpakovsky and Vladimir Smerkis, co-founders of The Token Fund which, though only six months old, is already one of the most successful collective investment vehicles in the cryptocurrency market, having achieved a 380% increase in portfolio value since startup.

“We quickly recognized two things,” Smerkis said. “First, we needed competitors. There have to be other funds against which ours can be measured. Investment is all about expertise. We have our expertise. But our clients need other funds to look at, based on other people’s expertise. And secondly, it is really not easy setting up an investment fund in the cryptocurrency field, amid volatile values and as regulations evolve.”

According to Shpakovsky, the growing interest of conventional fund managers was another key factor. “We were getting a lot of approaches from institutional investors and hedge funds looking to white-label our system. They wanted an easy entry-point to the cryptocurrency universe. We realized that, with the appropriate resources, we were in the unique position of being able to provide it. So Tokenbox will be that platform.”

Tokenbox will help anyone — from major institutional investors to well-informed and qualified individuals — to create a new fund taking stakes in either cryptocurrencies or in crypto-based businesses.

READ  Built-in Arbitration System is the Hallmark of Confideal

On the other hand, all investors will be able to choose from a vast variety of crypto portfolios on the Tokenbox platform.  With built-in Know-Your-Customer (KYC) procedures and other compliance fulfilment processes, the system will quickly establish digital investments as a vital new asset class for inclusion in any portfolio.

In its Token Generation Event set as Nov. 14, 2017, Tokenbox will offer not more than 31  million tokens at $1 each. Currently the company tokens are available at a private pre-sale offer. Tokenbox’s token symbol is TBX. Purchases may be undertaken in either Bitcoin or Ether.

The team behind Tokenbox  is truly international, with financial, technical and compliance veterans from across Europe, the U.S. and Asia, and an advisory board which includes the renowned fintech expert Chris Skinner.

About Tokenbox

https://tokenbox.io/

Tokenbox is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This article is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

 

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