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Openfinance Adds Hedge Fund Token Protos to Its Trading Platform
Alternative trading system Openfinance is adding PRTS to its platform.
Openfinance, a regulated platform for digital asset trading, has added hedge fund Protos to its platform. This is the one of the first crypto hedge funds to be traded on an alternative trading system (ATS). The token will trade under the symbol PRTS.
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, according to the company, "is the first U.S.-regulated digital security trading platform built for alternative assets." The company tracks multiple digital assets and is available to qualified US investors and verified non-US investors. These investors will be able to access Protos on the platform.
"We're excited to bring the first tokenized hedge fund to the Openfinance platform," said Openfinance founder Juan Hernandez. "The Protos Asset Management team has been working actively on their product offering for some time. While we currently have assets such as Blockchain Capital (a SF venture capital fund), hedge funds are a longstanding traditional asset class that are now available to investors in a digital format."
Protos claims to hedge on crypto's volatility, capturing "profit opportunities in the digital token and cryptocurrency market while limiting losses and risk during periods of volatility or general market downturns." The company ran an STO in 2017.
Photo by Agê Barros on Unsplash
John Biggs
John Biggs is an entrepreneur, consultant, writer, and maker. He spent fifteen years as an editor for Gizmodo, CrunchGear, and TechCrunch and has a deep background in hardware startups, 3D printing, and blockchain. His work has appeared in Men’s Health, Wired, and the New York Times. He runs the Technotopia podcast about a better future.
He has written five books including the best book on blogging, Bloggers Boot Camp, and a book about the most expensive timepiece ever made, Marie Antoinette’s Watch. He lives in Brooklyn, New York.
