The Swiss-based digital asset management company Zichain has secured a $1.2m investment from a syndicate of UHNW Hong-Kong based investors.
The money is to supporting further development of the company’s cryptocurrency products.
The deal was confirmed while Zichain was participating at the Goldman Sachs 2018 Disruptive Technology Symposium, held recently in London.
Zichain considers itself a pioneer of the cryptocurrency index industry and said that it now takes a leading role in the creation of digital asset management industry.
Zichain is focused on the development of three key products:
- Blockchain Asset Management Platform (BAMP), a unique and convenient platform for asset managers who wish to launch their own white label funds;
- The Index.Fund, a range of cryptocurrency index funds based on family of crypto indices;
- CryptoEYE.pro, a new infrastructure for the collection and analysis of industry news and market data. This would serve as a base for the creation of a cutting-edge analytical asset management
Zichain plans to invest $25m over the next three years into the development and implementation of its three distinct product lines.
Khachatur Gukasyan, Zichain’s Co-Founder and CEO, commented: “We are excited to welcome new investors who believe in our offering as passionately as we do. Building on our extensive experience in the world of traditional finance and our exceptional technical expertise, we saw the need for convenient platform for private and institutional investors who wish to invest in the cryptocurrency market. We are actively developing all three product lines at the same time and the additional financing will allow us to accelerate the pace of product innovation and continue on our mission of shaping the dynamic world of cryptocurrency.”