First Block Capital Launches Canada’s First Bitcoin Trust Through FrontFundr

Trust allows eligible investors to easily invest in Bitcoin through traditional channel

705
ADVERTISEMENTSMunchee Dmarket exhastaWorldcore ICOParagon ICO

Share with:


First Block Capital has revealed it’s launching the Canadian Bitcoin Trust, which can be accessed through FrontFundr, providing eligible investors with a convenient way to invest in Bitcoin.

“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 Sean Clark, co-founder of First Block Capital.

Launched by Vancouver-based entrepreneurs Sean Clark and Marc van der Chijs, First Block Capital has partnered with FrontFundr, Canada’s leading online investment platform, allowing all levels of investment into the trust starting at $500.  An investment in units of the trust is available on a private placement basis to eligible Canadian investors pursuant to exemptions from applicable prospectus requirements (specifically, the “offering memorandum” exemption under National Instrument 45-106).

“With crypto-currency poised to become a new asset class, Canadian Bitcoin Trust is the first opportunity for all Canadians to be able to invest in Bitcoin securely,” said Peter-Paul Van Hoeken, CEO of FrontFundr. “FrontFundr is thrilled to bring this opportunity to the larger investor community, democratizing investment in crypto-currency for all Canadians.”

The value of Bitcoin and other crypto-currencies increased from $30 billion in December 2016 to over $100 billion in June 2017. Previously, buying Bitcoin required a seasoned level of knowledge to navigate the technical transaction process. Investors were also required to securely store the Bitcoin they purchased.  First Block Capital’s partnership with FrontFundr simplifies the process by allowing investors to buy units of the Canadian Bitcoin Trust. This removes barriers for investors who simply want to get into the market through traditional investment channels.

Bitcoin and Blockchain technology have grown in popularity partly because they give power back to the investor by removing third parties that require authentication, verification, settling and record keeping. Many investors like that transactions are handled peer-to-peer directly with no additional bank fees and arbitrary transfer limits.

Some key advantages of the Canadian Bitcoin Trust are exposure to a new digital currency asset class and to an asset class that is non-correlated to traditional markets. First Block Capital aims to help investors capture the value of disruptive technologies based on the Blockchain through FrontFundr. To buy into the trust, which launched today visit FrontFundr.

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementBlockchain Expo