September 11, 2018By Adrian Barkley
“Since inception, First Block Capital has been committed to providing investors with regulated, titled and auditable exposure to investment vehicles based on blockchain and cryptocurrency. Our team is extremely proud to maintain our market-leading position and will continue to execute our vision of creating a fleet of investible products dedicated to space.”As per the trust, traders that are qualified are allowed the exposure to the Bitcoin but without having store, acquire and manage the Bitcoin. The Tax Act stated that if the trust has more than 150 holders of units within a year of its launch, it is to be considered a mutual fund trust.
“With this accomplishment, we continue to push Canada forward as a world leader in regulated blockchain and cryptocurrency investment vehicles. Our goal is to make investments in the digital currency asset class more accessible and we are one step closer to achieving this goal by allowing unit holders to place units in government-sponsored tax efficient vehicles and by providing daily liquidity through NEO Connect, a fund distribution platform with a rapidly growing dealer network.”The CEO and co-founder of First Block, Marc van der Chijs stated.