Openfinance Adds Hedge Fund Token Portos to Its Buying and selling System


Openfinance, a regulated platform for electronic asset trading, has extra hedge fund Protos to its platform. This is the a single of the 1st crypto hedge resources to be traded on an option trading program (ATS). The token will trade under the symbol PRTS.

Openfinance, according to the enterprise, “is the 1st U.S.-regulated electronic security trading platform built for option property.” The enterprise tracks various electronic property and is obtainable to certified US traders and confirmed non-US traders. These traders will be capable to accessibility Protos on the platform.

“We’re excited to deliver the 1st tokenized hedge fund to the Openfinance platform,” explained Openfinance founder Juan Hernandez. “The Protos Asset Management staff has been performing actively on their item supplying for some time. Though we at the moment have property these types of as Blockchain Capital (a SF enterprise funds fund), hedge resources are a longstanding regular asset class that are now obtainable to traders in a electronic structure.”

Protos statements to hedge on crypto’s volatility, capturing “profit alternatives in the electronic token and cryptocurrency sector although limiting losses and hazard for the duration of intervals of volatility or general sector downturns.” The enterprise ran an ICO in 2017.

Photograph by Agê Barros on Unsplash

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