A16Z-backed Alongside Supplies Cryptocurrency Index Fund
Alongside, a startup backed by a16z, is seeking to revolutionize cryptocurrency investments with its decentralized index fund.
Alongside, a startup backed by a16z, is seeking to revolutionize cryptocurrency investments with its decentralized index fund. The corporate, which provides publicity to a basket of the highest 15 cryptocurrencies by a single token, introduced the launch of its V2, totally migrating the product onto the blockchain.
Alongside intends to present a extra decentralized strategy to token investing by harnessing the advantages of blockchain know-how. The V2 launch removes a lot of the centralized administration current in typical fund designs, leading to a greater, sooner, and cheaper index product.
Whereas custody has been shifted wholly on-chain, the agency continues to be engaged on decentralizing the fund’s methodology. Coinbase and Franklin Templeton are among the many traders who contributed $11 million to the agency.
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