3iQ Announces OSC Filing of a Non-Offering Preliminary Prospectus of “The Bitcoin Fund”
Today marks the 10th anniversary of Satoshi Nakamoto’s original bitcoin white paper
October 31, 2018 (Toronto) – 3iQ Corp. announced today that it publicly filed a non-offering preliminary prospectus for “The Bitcoin Fund”, to create the first regulated vaulted bitcoin fund in the world. The company emphasized the importance of establishing a regulated fund that is available to all Canadian investors.
3iQ Corp. believes it has addressed all regulatory concerns relating to custody, valuation, Anti Money Laundering (AML) and Know Your Client (KYC) compliance as well as banking and trading operations. If approved by the securities regulator, this non-offering prospectus is expected to subsequently lead to a syndicated closed end fund prospectus offering.
“We have worked very hard to achieve an investment product that provides a simple and secure way for Canadians to make an investment in this innovative technology and asset class,” said 3iQ Corp. President and CEO Fred Pye. “The Bitcoin Fund allows 3iQ, as manager, to acquire and store bitcoin in the safest and most compliant way possible.”
“Canadians are currently investing in bitcoin through many facilities, none of which are as regulated and secure as our fund will be,” said Howard Atkinson, Chairman of 3iQ. “We believe that our regulators should be ready to accept a regulated fund. As many Canadians invest directly in cryptoassets already, it is in the public interest to invest in these assets through a regulated fund.”
“Bitcoin is approaching its 10th anniversary. After being intensely scrutinized by institutional investors, we are seeing a growing interest by them in bitcoin. The Bitcoin Fund seeks to give retail investors an institutional quality, regulated investment product available through multiple distribution channels,” said Shaun Cumby, Chief Investment Officer (CIO), who is responsible for investment relationships, trading and risk management. “The Bitcoin Fund has the most rigorous compliance controls possible across trading and custody and is an initiative that Canada should have to stay at the forefront of blockchain innovation.”
Details of the fund are available on SEDAR. More information is also available on the 3iQ website at www.3iQ.ca.
About 3iQ Corp.
3iQ is a Canadian Investment Fund Manager focused on providing innovative investments of institutional quality in disruptive technologies and the cryptoasset space. Founded in 2012, 3iQ is committed to a disciplined approach to investment selection aided by the most innovative due diligence process and quantitative techniques. Please visit www.3iq.ca to learn more.
3iQ Media Contact:
1 (514) 775-0010
1 (416) 659-5181
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