The newly established asset management arm of Iconiq Holding, Iconiq Funds, announced today that it is launching a series of asset index funds. The passively-managed funds will be launched at the beginning of the fourth quarter of 2018.
The funds will track the top digital assets by market capitalisation. The first one to be launched by the firm will be a Maltese Professional Investor Fund, otherwise known as a PIF, following regulatory approval from the (MFSA).
Once this has been approved, Iconiq Funds will then launch Crypto Index Exchange Traded Funds and Notes next year. This will take longer to be approved from regulators, as these type of assets, whilst common in the traditional asset management space, are almost unheard of in the crypto industry.
Source: LinkedIn
Iconiq adds new features to its ICNQ token
The ICNQ token, which was launched by Iconiq Lab, an (“ICO“) seed funding wallet and accelerator is also getting an upgrade. Now, the token can also be used as a voucher instrument for payments in the asset management ecosystem. This is similar to .
Previously, the token was only used as a membership to the VC Club. The token would grant holders exclusive access to pre-sales of companies that had graduated from the accelerator program of Iconiq Lab.
Source: LinkedIn
A public token sale for ICNQ tokens will take place on the Gibraltar Blockchain Exchange Grid in October this year. During the sale, the firm will sell up to 10 million remaining tokens.
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