On the 14th of may IronChain Capital announced that they were going to launch, not one, but two cryptocurrency index funds similar to mutual funds. These new programs, IronChain MiX10 and MiX10 Institutional, follows the Mix10 Index which, similar to a portfolio, tracks ten of the largest cryptocurrencies such as Bitcoin and Ether.
IronChain Capital Funds offers daily rewards and safety by satisfying high custody security standards. These systems provide investors the most precise and relevant risk/reward framework, which is crucial to be able to place good investments. The goal of the company is to offer customers an easy exposure and access to the digital asset class.
It’s possible to directly invest in the funds in USD, Bitcoin, and Ether for accredited investors and qualified purchasers. This can be done everyday on the IronChain’s website, providing users with a more “hands-on” approach to their investments.
“The disruptive nature of cryptocurrencies and the blockchain technologies at a global level is real but poses an important challenge for investors to obtain exposure. Our mission is to build the first full-service investment platform dedicated to cryptocurrencies that provide easy access to the most liquid digital currencies. We believe our first two Funds will be game changer in helping further institutionalize the digital asset industry.” – John Benassaya, CEO, and Founder of IroncChain
Led by their partners, Matrix, Draft Ventures and Montage Ventures, the Iron Chain capital raising reached $2.5 million seed that will be used to efficiently and ingeniously help the platform grow and provide more and more services. For now, IronChain MiX10 and IronChain MiX10 institutional offer daily liquidity for only 1% management fees and no other hidden costs. More importantly, until the 30th of June this fee will be waived for any new investors opening an account.
Led by an experienced team of asset management experts and technology entrepreneurs, the IronChain Capital team is composed of highly experienced individuals in both the leading financial system and the increasingly more important digital economy.