FISCO, launching Crypto Currency Fund to boost “Token Finance” business

FISCO, launching Crypto Currency Fund to boost “Token Finance” business

The listed Japan-based financial information provider FISCO(JASDAQ, 3807) announced,  in early this week, to launch “FISCO Crypto Currency Fund” with its size around JPY 1bn(USD 9m) via its group company FDAG .  

The timeline for launching will be around the end of this month as earliest, according to the media reports.   

FDAG, a parent company of FSA-registered FISCO Cryptocurrency Exchange, provides Bitcoin-based High Frequency Trade(HFT), and, issued Bitcoin-based bonds in August 2017.

The media report also cited FDAG’s President Masayuki Tashiro as expectedly saying that Bitcoin will eventually be recognized as a financial product.

FISCO group has so far expanded its cryptocurrency business, including ICO investments, via its owned data, and, would boost the existing trading model for FISCO Crypto Currency Fund’s investments, and, would further expand its owned “Token Finance” business.        

http://www.fisco.co.jp/uploads/20180110_fisco_pr.pdf   (Press Release)