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

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
17 Jan
PNDORA
Jeg vil bare henlede opmærksomheden paa Lars Christensens artikel omkring "Short Selling", direkte h..
36
18 Jan
I:SP500
  Hejsa    Jeg har igen vedlagt vores langsigtede konjunkturmodel med de ledende indikatorer i USA, ..
29
15 Jan
AMBU-B
Det er nok klogere, at du passer paa Hedgefondene (shorterne) N/A NON DDB, som igen i dag staar for ..
16
18 Jan
PNDORA
En stor tak til alle jer, der har givet mig en like (ialt 32). Det er dejligt at vide, at vi er mang..
15
13 Jan
VELO
Kan Veloxis få en markedsandel på 10% indenfor 12 måneder? Nedenfor vil jeg give mit bud.   1. Conve..
15
13 Jan
NOVO-B
Har hørt en lille fugl synge om, at en korrektion (måske) er ved at være afviklet efter 20% fald i f..
15
16 Jan
VWS
Din indsigt i verdensfirmaet Vestas er forbløffende!
14
18 Jan
ROV
Ja, og de to ovenstående kommentarer er i den grad med til at forringe og forsimple debatniveauet he..
13
17 Jan
PNDORA
Udfordringen er, at der hele tiden sker en bekræftigelse af at Pandoras fald er faldende uden nogle ..
13
15 Jan
VELO
Puha marc, det gør bare mere og mere ondt på dig at se kursen gå i vejret. Dit salg i 0,86 er tydeli..
13

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

Related news
22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Kitov Closes $6 Million Registered Direct Offering
2
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Danske Bank A/S – DNKEY
3
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Natural Health Trends Corporation – NHTC
4
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AxoGen, Inc. - AXGN
5
MARRIOTT SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Marriott International, Inc. - MAR

Buy and sell signals

  • Trend
  • Moneymachine

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.
 
19 January 2019 11:28:36
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190108.3 - EUROWEB1 - 2019-01-19 12:28:36 - 2019-01-19 11:28:36 - 1000 - Website: OKAY