Arca Labs Launches Ethereum-Based SEC-Registered Fund
After nearly 20 months of discussions, the Los Angeles money manager finally cleared a hurdle involving what appears to be the first regulated fund represented by digital shares.
Patrick Byrne and Overstock.com have prevailed over the digital dividend-doubting short sellers.
The yet-to-be-registered asset manager hopes to launch its VAL1 token later this year.
INX will list on the CES once it closes its $117 million IPO.
Doing its IPO on the Ethereum blockchain gives the public, and INX itself, a novel vista on the process, which traditionally has been a back-room affair.
The U.K. watchdog has granted several licenses to Archax that will allow it to become a "one-stop shop" for the digital security space.