Finles Capital will issue digital tokens (“FundCoin”) by means of an initial coin offering (“ICO”) to invest the proceeds of the ICO in Finles Lowestoft Equities Fund, a professionally managed private equity fund that invests in the blockchain industry alongside traditional investments
Finles Capital Ltd. announced today that it is anticipating oversubscription for the €100m ICO of FundCoin, the first ever ICO backed by investments in a private equity fund. The proceeds of the ICO will be used to invest in the Finles Lowestoft Equities Fund (the “Fund”) a Fund managed by Finles Capital Management an independent fund management boutique operating since 1977. The ICO will open up a new class of cryptocurrencies backed by a high-performance asset class rather than a single company or currency. It thus provides investors with a more diversified way to invest in blockchain through a structure that was previously only accessible to professional investors.
The full article:
https://coinidol.com/fundcoin-ico-backed-by-investments-in-a-private-equity-fund/
