21/03/2018 13:46:21

Further UHNWI Investment To Support FinTech Entrepreneur Zichain's Growth and Innovation

Zichain /

Further UHNWI Investment To Support FinTech Entrepreneur Zichain's Growth and

Innovation

. Processed and transmitted by Nasdaq Corporate Solutions.

The issuer is solely responsible for the content of this announcement.

ZURICH, Switzerland, March 21, 2018 (GLOBE NEWSWIRE) -- Zichain, a Switzerland-based digital asset management company, is pleased to announce that it has secured an USD 1.2m investment from a syndicate of UHNW Hong-Kong based investors, supporting further development of its unique cryptocurrency products.

The deal was confirmed while the Company was participating at the Goldman Sachs 2018 Disruptive Technology Symposium, held in London on 20-21 March.

As a pioneer of the cryptocurrency index industry, Zichain has enjoyed exponential growth with the Company now taking a leading role in the creation of digital asset management industry.

Zichain is focused on the development of three key products:

  • Blockchain Asset Management Platform (BAMP), a unique and convenient platform for asset managers who wish to launch their own white label funds;

  • The Index.Fund, a range of cryptocurrency index funds based on family of crypto indices; and

  • CryptoEYE.pro,

     a new infrastructure for the collection and analysis of industry news and market data. This would serve as a base for the creation of a cutting-edge analytical asset management platform.

Zichain is planning to invest USD 25m over the next three years into the development and implementation of its three distinct product lines.

Khachatur Gukasyan, Zichain's Co-Founder and CEO, commented: "We are excited to welcome new investors who believe in our offering as passionately as we do. Building on our extensive experience in the world of traditional finance and our exceptional technical expertise, we saw the need for convenient platform for private and institutional investors who wish to invest in the cryptocurrency market. We are actively developing all three product lines at the same time and the additional financing will allow us to accelerate the pace of product innovation and continue on our mission of shaping the dynamic world of cryptocurrency."

For further information please contact:

Julia Kalcheva, Head of Corporate Communications: julia.kalcheva@zichain.io

Sophia Lee, Investor Relations Manager: sophia.lee@zichain.io

Notes to Editors

About Zichain

Zichain is a Switzerland-based digital asset management company and a pioneer of the cryptocurrency index industry, having launched the world's first cryptocurrency indexation and analysis service in December 2017. Building on its extensive experience in the world of traditional finance, the company is taking a leading role in the creation of institutional asset management industry in the world of cryptocurrencies. Zichain is currently focused on the development of three key products: a unique and convenient platform for asset managers who wish to launch their own white label funds; range of cryptocurrency index funds based on family of crypto indices; and a new infrastructure for the collection and analysis of industry news and market data, serving as a base for the creation of an analytical asset management platform. (www.zichain.io)

This information is provided by RNS

The company news service from the London Stock Exchange


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Zichain via Globenewswire

--- End of Message ---

Zichain

29 Bellerive Zurich Switzerland

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
19 Mar
I:SP500
Hejsa Lidt forårs opdatering. Langsigtet konjunkturmodel: Nederst kan I se den langsigtede konjunktu..
70
19 Mar
VELO
  Studiet er et randomiseret fase 4 forsøg, hvor man sammenligner forlænget frigivelse Envarsus XR (..
14
18 Mar
GOMX
SAS's emmision overtegnet så de regner med 15MUSD i provenu samlet - godt nyt for GOMSpace hvis de k..
14
21 Mar
BAVA
Jeg synes bestemt også der skal være plads til kritikere af Bavarian. Der skal være plads til alle i..
12
21 Mar
PNDORA
Du rammer jo netop ned i strategien "NOW", hvor der kigges ind i hvilke butikker der er lønsomme. Sa..
12
20 Mar
ZEAL
Jeg skrev til IR vedr. lidt forskelligt, her er deres svar:  Bliver der afholdt en Capital Market D..
12
21 Mar
I:SP500
Der er en alt afgørende ting som Rangvid ikke tager højde for, og som Lars Christensen glemmer at kr..
11
19 Mar
FING-B
Siden topformationen i 23 området har trenden krydset flere støttelinjer og er nu ved en mulig dobbe..
11
18 Mar
BAVA
For mig virker det ret underligt at udmelding fra FDA om ydereligere 3mdr mere behandlingstid bliver..
11
17 Mar
CHEMM
Økonomisk Ugebrev Formue har i denne weekend et længere interview med Chemometecs CEO Michael Eising..
10

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
CONDUENT SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Conduent, Inc. - CNDT
2
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Inogen, Inc. Investors
3
INOGEN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Inogen, Inc. – INGN
4
Bloomberg, Duperreault spotlight Bermuda’s global value
5
SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF Reminds ASTE, MHLD, CAG, KHC Investors of Lead Plaintiff Deadline in Class Action Lawsuits

Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
23 March 2019 11:22:36
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190320.1 - EUROWEB4 - 2019-03-23 12:22:36 - 2019-03-23 11:22:36 - 1000 - Website: OKAY