Do not invest more money than you can afford to lose.
Tramonex, a company specializing in cross-border payments and forex services for SMEs, announced it is planning to launch a cryptocurrency financial index. The DLT10 will be developed in cooperation with the fintech company DLT Financial and will track the performance of the major cryptocurrencies.
In the index will be included Bitcoin, Ethereum, Ripple, Stellar, Litecoin, Dogecoin, MadeSafeCoin, NameCoin, Factom and NXT. According to some site, the companies have received a grant of GBP 250 000 from the British government to develop a working prototype of the index.
In addition to the index, DLT Financial will launch in the next few weeks a matching tracker fund, which will provide businesses and individuals with secure investment options. In order to avoid hacks and other risks, the fund will keep the investments offline and in cold storage wallets.
“Crypto-currencies and the blockchain are growing at a terrific pace, with equity investment into blockchain companies growing from $2 million in 2012 to $490 million in 2015,” said Dave Askey, Co-founder of DLT Financial and Tramonex CTO, quoted by Crowdfundinsider. “It has become clear that these technologies are here to stay and that their impact will be significant, yet the asset class is still vastly underinvested because of how technical it is today. DLT10 and its corresponding tracker fund will allow more people and institutions to invest in this asset class by providing a familiar, simplified investment model.”
“Tramonex is very pleased to collaborate with DLT Financial for the launch of its DLT10 index and fund,” said Tramonex CEO, Amine Berraoui.
