Apis Token Launches on Stellar Blockchain, Raises $1.7 Million in Initial Pre-Sale
NEW YORK, June 4, 2018 /PRNewswire/ -- The first tokenized hedge fund has launched on the Stellar Network last week, to high investor demand.
Apis Token, which began its private pre-sale in late May, will invest inthe ACM Market Neutral Volatility Strategy Fund, a unique volatility based trading strategy with a proven track record run by Apis Capital Management.
"We have had very high interest," says Dr. Edgar Radjabli, Managing Partner of Apis Capital Management, "Due to this being a unique opportunity for investors to access a professionally managed strategy that is not correlated to the traditional crypto markets, the simplified and investor friendly token model. So far, Apis Token has raised $1.7MM, which has already been allocated to the strategy.
The offering model of the Apis Token is different form a traditional ICO, as it allows investors to subscribe throughout the month, with the funds collected deployed at month's end and the tokens simultaneously issued to investors.
The Apis Token is also instantly tradeable on the Stellar Decentralized Exchange. However, since they are issued under Regulation S at this time, Dr. Radjabli states that "non-accredited US investors should not purchase the tokens, and holders should not make sales to US persons" and he reminded that Accredited US investors can contact Apis Capital Management directly to discuss their investment options, including investing directly into the ACM Market Neutral Volatility Strategy Fund as a limited partners.
Most importantly the tokens will be redeemable on a regular basis for the proportional share of the Investment Balance held by Apis Token Ltd, the entity issuing the tokens, which is a Limited Partner in the ACM Market Neutral Volatility Strategy fund.
The Stellar platform, on which the Apis Token is built, is the ideal foundation for asset-backed tokens that represent real world assets or investments. It's especially accessible to those that are new to cryptocurrency, and setting up a new Stellar wallet to accept Apis Tokens takes less than 5 minutes. After that, investors simply register with Apis Capital Management, submit their KYC/AML documentation, and fund their investment to receive Apis Tokens.
Further information is available at: www.apiscapitalfunds.com/apis-token/
CONTACT: Edgar Radjabli, [email protected], 305-900-7126
SOURCE Apis Capital Management
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