US Capital Global Securities, a leading FINRA-regulated broker-dealer arm of US Capital Global that is functioning as the exclusive placement agent of CityBlock Capital, is offering accredited investors a $10 million equity in the latter’s tokenized venture fund, NYCQ Fund LP. The which has holdings in top fintech and blockchain companies including Coinbase, Bakkt, Nomics and Tagonomi, according to a press release on July 29, 2019.
US Capital Global Securities Expands its Portfolio
As stated in its press release, US Capital Global Securities, an affiliate of US Capital Global that’s regulated by the Financial Industry Regulatory Authority (FINRA), is offering accredited investors a $10 million equity investment in NYCQ Fund LP, the first tokenized venture fund of CityBlock Capital.
US Capital Global Securities is the exclusive placement agent of NYCQ Fund LP and it claims to have recently added the fund to its own expanding portfolio.
Reportedly, NYCQ Fund LP is invested in a good number of highly-reputed distributed ledger technology (DLT) and fintech companies including Coinbase, a leading San Francisco-based bitcoin trading venue, Bakkt, a physically-delivered Bitcoin futures contracts platform and cryptocurrency exchange owned by the Intercontinental Exchange (ICE).
Others are Nomics, a digital assets data aggregator that claims to be focused on delivering professional-grade market data APIs to institutional cryptocurrency investors and exchanges and Tagomi, an electronic brokerage offering prime services for holders of Bitcoin (BTC), Ether (ETH) and other established altcoins.
Giving Investors Access to DLT Investments
Per the team, the NYCQ Fund LP neither invests in cryptocurrencies or utility tokens. Instead, its primary area of focus is in the expansion of the global digital ecosystem via equity investments in blockchain and fintech startups as well as early-stage companies.
Commenting on the matter, Charles Towle, CEO of US Capital Global Securities reiterated that the fund combines low minimum investment amounts plus early liquidity opportunities to give accredited investors access to blockchain infrastructure investments usually accessible to only institutional investors.
“Our firm is focused on investing in forward-thinking strategies at the frontline of the digital market era,” he added.
In related news, BTCManager informed earlier in December 2018 that Nomics had raised $3 million from CityBlock, Coinbase Ventures, and CoVenture.