Viktor Shpakovsky and Vladimir Smerkis, co-founders of The Token Fund, have announced ICO details of their new project, Tokenbox. Tokenbox is said to be an all-encompassing system that will enable users to easily create investment funds specializing in cryptocurrency asset.
The founders hope to raise around $20 million through the crowdsale. In a press release Smerkis said “it is really not easy setting up an investment fund in the cryptocurrency field, amid volatile values and as regulations evolve.” Tokenbox is aimed at big institutional investors as well as qualified individuals and has built-in KYC and compliance processes that will help users to easily create new funds based on cryptocurrencies or crypto-related businesses. Alternatively, investors will also be able to simply choose from a range of crypto portfolios to invest in. Shpakovsky said strong interest from traditional fund managers to get into cryptocurrency investing has been a big driving force behind the project creation.
“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.”
The pre-ICO period started October 1st with the company offering tokens in a private pre-sale event in exchange for either Bitcoin or Ether.
The official ICO date has been set for November 14.
Company name: Tokenbox
Company site: tokenbox.io
Company contacts: firstname.lastname@example.org
This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.