Bitcoin Forum
September 17, 2019, 10:06:39 PM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: [2017-09-07] Canadian Securities Commission Grants Bitcoin Fund Manager Registr.  (Read 4073 times)
Full Member
Offline Offline

Activity: 322
Merit: 217

World's Most Innovative Invoice Lending Platform

View Profile
September 07, 2017, 11:34:53 AM

The first registration of a fund manager to operate a bitcoin investment fund in Canada has been approved by the British Columbia Securities Commission. First Block Capital Inc is also registered as an investment fund manager and exempt market dealer in Ontario.

Bitcoin Fund Manager’s Registration Approved

The British Columbia Securities Commission (BCSC) announced on Wednesday “the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments.” The announcement read:

        "The BCSC has granted First Block Capital Inc. registration as an investment fund manager and an exempt market dealer in order to operate a bitcoin investment fund."

Canadian investment firm First Block Capital announced the launch of the country’s first bitcoin trust in July. “The Canadian Bitcoin Trust is an open-ended unit trust that enables investors to get exposure to the price of bitcoin without having to worry about buying and securing bitcoin, which has been a challenge for investors,” said co-founder Sean Clark at the time.

The trust can be accessed through funding portal Frontfundr. “The only investments of the Trust will be direct investments in bitcoin,” its listing page describes. Xapo Ltd is listed as the custodian.

Continue reading:

Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!