SolidX Partners Inc. Raises $3 Million to Bring Bitcoin to Traditional Investors
Blockchain isn't the only company raising millions recently. SolidX Partners Inc. announced today that they too have raised some money. $3 million, in fact. The company, which provides swaps to hedge funds and hopes to bring institutional access to bitcoin and other digital finance, says the round was led by Liberty City Ventures. Other investors that participated in the round include: Jim Pallotta, Red Sea Ventures, Stanley Shopkorn, and Red Swan Ventures. SolidX's swaps allow investors to get synthetic exposure to bitcoin through the use of tools already available and that they are....
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New York City-based SolidX has raised $3m to bring financial instruments - including 'total return swaps' - to large institutional bitcoin investors. Founded in early 2014, SolidX's funding round came from a group of investors led by Liberty City Ventures and hedge fund manager James Pallotta. The team at SolidX is comprised of professionals with backgrounds on Wall Street. The company sees a huge opportunity to provide the traditional finance industry a way to access bitcoin. SolidX CEO Daniel Gallancy told CoinDesk the company wants to provide a Wall Street with bitcoin investment tools:....
Blockchain technology company SolidX Partners has announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for the proposed launch of the SolidX Bitcoin Trust, a new Exchange-Traded Fund (ETF) for traditional investors. According to the company's website, SolidX Partners provides blockchain-based software solutions relating to the indelible recording of digital records, transfer of assets, and identity. “SolidX also has a capital markets arm that has filed a FORM S-1 registration statement for a proposed launch of a bitcoin exchange traded....
The U.S. Securities Exchange Commission (SEC) earlier this week announced that it is delaying its decision whether to approve the listing of SolidX Bitcoin Trust on the NYSE Arca exchange. Meet SolidX Bitcoin Trust. Blockchain technology company, SolidX Partners Inc, first filed a registration statement (Form S-1) with the SEC on July 11, 2016, proposing....
The exchange traded fund (ETF) scene is due another shakeup as SolidX Partners files to become the first fund to launch on the New York Stock Exchange (NYSE) – and even feature full insurance. SolidX ETF Will Be Insured. The SolidX Bitcoin Trust, for which an S-1 registration is today with the US Securities and Exchanges Commission (SEC), will trade....
SolidX Partners Inc., a company that specializes in blockchain-based identity services, has registered with the Securities and Exchange Commission (SEC) to launch the SolidX Bitcoin Trust, an exchange-traded fund (ETF) that will provide shareholders exposure to the daily change in the U.S. dollar price of bitcoin, minus expenses and liabilities of the trust, as measured by the TradeBlock XBX Index. The trust will list on the New York Stock Exchange under the ticker symbol “XBTC,” the company announced on its website. It will not be actively managed. The SolidX Bitcoin Trust follows the....