#TheTokenFund develops new tool to capitalize on crypto space

The founders of The Token Fund, one of the first crypto assets funds on the market, is developing a new tool to help traders, portfolio managers and investors capitalize on the crypto space, writes Martin Banks.

They are taking another step forward after announcing the pre-crowdsale details for its upcoming ICO (Initial Coin Offering) on 25 October.

An estimated $20 million is expected to be raised and the proceeds will be used to develop a platform to facilitate the creation of new crypto-assets based investment funds.

Called "Tokenbox", this ecosystem will help portfolio managers and traders, as well as investors in the management of their cryptocurrency funds.

Portfolio managers and traders, including professional teams, will receive a ready-made "box" solution for the creation of their own tokenized fund.

Investors will have access to what Tokenbox describes as “the best strategies for managing funds on the crypto market with a high degree of safety in these processes.”

Investors range from institutional investors to well-informed sophisticated investors.

All investors will be able to choose from a variety of crypto portfolios on the Tokenbox platform. There is an array of technical solutions offered by Tokenbox to professionals to assist in the fund management process.

This will, in turn, help investors because they will be able to choose between different legal and audited funds, according to the inherent ratio of risk and return.

Tokenbox is a comprehensive system designed to supply all trading and compliance infrastructure needed to easily create new investment funds specializing in the fast-evolving cryptocurrency asset class.

Though only six months old, the Tokenbox system is already one of the most successful collective investment vehicles in the cryptocurrency market, having achieved a 380% increase in portfolio value since startup. 

The system is designed to help anyone, from major institutional investors to well-informed and qualified individuals to create a new fund taking stakes in either cryptocurrencies or in crypto-based businesses.

On the other hand, all investors will be able to choose from a vast variety of crypto portfolios on the Tokenbox platform. 

In its ICO, Tokenbox will offer not more than 31 million tokens at $1 each.In the pre-ICO period, which began on Friday, the company will offer tokens in a private pre-sale offer. Purchases may be undertaken in either bitcoin or ether. 

The team behind Tokenbox is truly international, with financial, technical and compliance veterans from across Europe, the US and Asia, and an advisory board which includes the renowned fintech expert Chris Skinner.

The system was inspired by Viktor Shpakovsky and Vladimir Smerkis, co-founders of The Token Fund.

Speaking on Friday (29 September), Smerkis told EU Reporter: "We quickly recognized two things. First, we needed competitors. There have to be other funds against which ours can be measured. Investment is all about expertise. We have our expertise.But our clients need other funds to look at, based on other people's expertise. Secondly, it is really not easy setting up an investment fund in the cryptocurrency field, amid volatile values and as regulations evolve."

The growing interest of conventional fund managers is another key factor.

"We were getting a lot of approaches from institutional investors and hedge funds looking to white-label our system. They wanted an easy entry-point to the cryptocurrency universe. We realized that, with the appropriate resources, we were in the unique position of being able to provide it. So Tokenbox will be that platform."

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