News

Realio closes its second fund for the Liquid Mining Fund

Wednesday 12 May 2021 10:46 CET | News

Realio has closed its second fund in collaboration with Valentus Digital for the Liquid Mining Fund, coupled with a conversion right for digital securities in LMX Token Issuer (LMX).

Liquid Mining Fund is focused on investing in early-stage Bitcoin mining businesses, which will provide investors who are seeking opportunistic access to Bitcoin with an alternative, structured investment vehicle.

Investment in Liquid Mining Fund is coupled with the right to convert equity ownership in Liquid Mining Fund into digital securities of LMX on the Algorand blockchain (ASAs), which will provide holders with the rights to revenues generated from Bitcoin mining development and operations. LMX anticipates the digital securities would be admitted for trading on the tZERO ATS, subject to customary due diligence, regulatory holding periods, and compliance with federal securities laws. The tZERO ATS is an alternative trading system that is operated by tZERO ATS, a FINRA member broker-dealer.

Realio initially launched Liquid Mining Fund in August 2020, with Fund I already returning 50% of invested capital in six months from the initial investment.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: tokenization, funding, Bitcoin, mining
Categories: DeFi & Crypto & Web3
Companies:
Countries: United States
This article is part of category

DeFi & Crypto & Web3






Industry Events