NEO Connect First Block Capital Bitcoin Trust (FBC Bitcoin Trust) Becomes Canada’s First Fund
Canada’s First Bitcoin Fund on NEO Connect
NEO Connect is delighted to declare the First Block Capital Bitcoin Trust (FBC Trust) can now be obtained on its fund dissemination stand. This is the pioneer investment program of its kind in the North American nation. It is the only unrestricted Bitcoin fund which has been ratified by the supervisory bodies in Canada.
The FBC Bitcoin Trust works towards permitting recognized investors to have access to Bitcoin. The trust is authorized to only accept qualified investors. However, it currently permits unit holders to store units in privately supervised enumerated accounts like the TFSA.
The FBC Bitcoin Trust is accessible on the NEO Connect where they use the sign FBCBT. NEO Connect dispenses forty six funds from 3 asset administrators, who will supervisor over all the fifteen merchant systems. Presently, the firm services properties to the tune of $600 million.
Over and above, it is the nation’s initial and only fund dissemination stand that permits prospectus as well as individual/offering memorandum (OM) reserves. The firm permits funds to be bought and converted in the same way as purchasing and selling ETFs.
First Block offers investment acquaintance to Bitcoin by getting rid of complex hurdles for those who want to invest in the virtual asset. Being the market leader in the provision of investment tools on the basis of the innovative blockchain technology and virtual assets in Canada, the First Block is thrilled at the opportunity of making the fund easily obtainable to the qualified investor community.
According to Sean Clark, the CEO and founder of First Block Capital, in this very dynamic globe, NEO is the most suitable firm to collaborate with. As a result, the firm has taken advantage of the partnership to develop the fund within the established and quickly growing fund dissemination system.
By making use of the NEO Connect, investment consultants are now in a position of buying and cashing the FBC Bitcoin Trust seamlessly even as they transact on ETFs. In many ways, they can easily identify the symbol by making use of their current equities trading instruments. They can also trade easily by selecting the particular figure of units they desire and hit ‘buy’.
The placement of the order can be executed before the end any trading day at NAV. This happens without the need for bid/ask spreads. Eventually, the outcome of the transaction will spontaneously be incorporated into the financial records of customers.
According to Jos Schmitt, the President and CEO of NEO Connect, the changing biosphere necessitates an exceptional fund dissemination platform that can be instrumental in assisting the investment community to have access to easy and efficient spectrum of promising and inventive asset classes.
About NEO Connect
Launched two years ago, NEO Connect offers authorized investors who are actively working with investment consultants who can assist them to effortlessly take positions in the cryptocurrency through the FBC Bitcoin Trust.
The service is also accessible to all investment dealers free of charge. It works towards streamlining the process of purchasing and redeeming the fund. The platform enables advisors to transact, with asset administrators being granted the opportunity to dispense their products.