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TORONTO, 25 January 2018 | 3iQ Corp. is proud to announce a Requirements and Conditions Agreement with the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA). 3iQ Corp. thus becomes the first Canadian portfolio manager and investment fund manager to invest in multiple cryptoassets.
Units of the 3iQ Global Cryptoassets Fund will be offered to qualified investors, investment advisers and brokers through Fundserv, and to pension funds, institutions, and family offices through private placements. The fund, structured as a Trust, will invest directly in bitcoin, ether, and litecoin, three of the major cryptoassets.
3iQ aims to launch and complete its first close in the coming weeks.
“We have done a rigorous job of providing a pure, low-cost and secure way for qualified investors and institutional clients to gain exposure to this emerging asset class. This fund is a product in the exempt securities market, but 3iQ and its partners are nonetheless very excited to offer access to a diversified portfolio of major digital assets, ”notes Frédérick Pye, CEO of 3iQ.
“3iQ is uniquely positioned in Canada to have quality partnerships that include crypto-asset consulting services from ARK-Invest New York, institutional level security with a major custodian, and access to liquidity in the crypto-asset world with established trading houses, ”adds Pye.