ITC is currently being used by the banks for a pilot project, using the blockchain-based solution to, a release states, increase automation and transparency, and help manage risks in trade and supply chain financing.
The people said the planned fund would likely draw a wider pool of investors than the first one, in which most of the contributions came from sovereign wealth funds in Saudi Arabia and the United Arab Emirates.
Nigel Green, founder and CEO of deVere Group, comments: “We’ve further expanded our offering on deVere Crypto to include Stellar and Monero due to clients demanding an even more extensive crypto portfolio.
The BGCI is market capitalization-weighted and measures the performance of ten USD-traded cryptocurrencies, including Bitcoin, Ethereum, Monero, Ripple, and Zcash.
"Based on our interactions with people in the venture capital sphere, it appears that many venture capital firms are setting up specific focus groups to look into potential crypto-related investments, for fear of missing out on the crypto bandwagon,&
The nation’s virtual currency exchanges are now licensed by Japan’s securities watchdog, giving the venues an official stamp of approval that’s largely absent from countries like the U.S. and Britain.
His startup, Xapo, has built a network of underground vaults on five continents, including one in a decommissioned Swiss military bunker.