AKJ Crypto, an AK Jensen Group Limited subsidiary, has announced yesterday the release of its own token which aims to become the vehicle of choice for professional investors looking for diversified exposure to crypto assets, September 24.
According to their press release, the AKJ Token is a “multifaceted yield-generating security, integral to the latest iteration of AKJ’s award-winning hedge fund platform.” In addition, it also offers institutions and professionals credible crypto access.
AKJ Group Chairman and CEO Anders Kvamme Jensen commented on the launch:
“AKJ Token offers real substance and value, complies with EU law, and was designed after extensive discussions with fund managers. This offers crucial reassurance to traditional investors and enhances its appeal to the sophisticated crypto investor, who will recognise the benefits of early adoption of an ecosystem expected to reach significant mass.”
Its credibility is due to the token being a transferable security sold under EU law to professional investors only. With the first crypto funds set to begin producing revenues from the last quarter of 2018, the company guarantees that the token will pay 25 percent of net revenues from the AKJ Crypto platform business to holders.
Aside from enabling holders to participate in the appreciation of a crypto fund of funds that is managed by specialists, AKJ Token also offers low velocity and stability. On top of that, it ensures a secondary market with active customers wherein funds on the platform are incentivized to hold 2 percent of investments in the token, the London-based company stated.
Hooked on the latest blockchain news? Itching to get the newest deets on your favorite crypto? No problem! Here, check out our most current crypto news, fresh from the oven.