Zichain launches two crypto index funds
Swiss-based crypto finance Zichain has introduced two crypto index funds. The main offering is the Blue Coin Index Fund (BCIF). This targets a spread of major cryptoassets; there’s also the Second Tier Index Fund (STIF) though this fund is rather smaller and aimed at specialist investors.
ERC 20 supported
Both trackers deploy the ERC 20 Ethereum platform and will arrive with real-time market data and performance calculations to track investments plus, says Zichain, “advanced financial reporting, as well as new features including clustered storage with multiple signatures to guarantee asset safety and automated rebalancing and smart execution systems”.
Zichain’s CEO, Khachatur Gukasyan, told the London Stock Exchange that the launch of the index funds opens “a new chapter in the history of crypto finance”.
Tracker competition on the up
Gukasyan claims Zichain provides clustered storage with multiple signatures which safeguards asset safety. “Investors’ personal accounts will have such features as an automated rebalancing and smart execution system.”