Cryptocurrency companies have come together to launch ‘Fund 3.0’ in Brazil.

In January 2024, the Brazilian market will get a new cryptocurrency investment fund, Token Fund I.

This product represents a partnership between four companies. Nousi Finance, managed by Andrey Nousi, is responsible for consulting the fund, making portfolio portfolio recommendations and the operations to be carried out.

Genezys, an investment platform regulated by the CVM, will tokenize the offering, while Topázio Bank will be responsible for the exchange and custody of the funds raised by BitGo.

The group announced Token Fund I as the cryptocurrency “Fund 3.0”. Although this is a new investment category, it “has a similar structure to a traditional fund, but can easily distribute dividends and secure liquidity for investors.” Complies with “CVM 88”.

The company’s statement explains the idea of ​​Fund 3.0: “This model gives investors the possibility of greater liquidity, automation of receipt of profits and dividends, and the possibility of investing in smaller amounts, democratizing access to a wider audience and reducing risk. It is an investment without professional management and is also exempt from the taxation of the famous Comquotain traditional funds.”

Token Fund I ensures easier access as it is not limited to qualified investors with investments of more than R$1 million. Moreover, it promises to have a structured secondary market.

“In this Fund 3.0 format, investors will have access to the follow-on market to immediately trade stocks directly with other active investors on the platform, which will bring more liquidity,” says Andrey Nousi.

Richard Warrior, CEO of Genezys, explains that Token Fund I is based on CVM Resolution 88, which guarantees disclosure of information about issuers and their securities.

“We can have greater scale than brokerages and still pay up to three times more commissions to our offering distributors. End investors can achieve greater profitability and pay less in fees with products similar to traditional homes, but with a new structure – this is the power of Fund 3.0. We didn’t create a new product, we just improved the process with a lot of technology and regulation,” says Warrior.

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