Fintech company North Capital Investment Technology announced that it has launched a new investment offering in Proof Ethereum, which is a limited liability company formed to capitalize on the growth of the Ethereum blockchain.
The announcement said that according to the company’s document, Proof Ethereum will be engaging in mining of Ether cryptocurrency, buying and selling mining contracts as well as royalty agreements. It will also offer ‘proof of stake’ services.
“We believe that the Ethereum blockchain will continue to gain traction as an effective protocol for tracking digital assets of all types, particularly financial assets,” James P. Dowd, CFA, the CEO of North Capital, stated. “Proof Ethereum is the first offering of its kind to give investors the opportunity to invest in the future of Ethereum and Ether.”
North Capital has also modeled Proof Ethereum on other successful investments that are linked to bitcoin and brought to market by Pantera Capital, Grayscale Investments and others when bitcoin was surging above and gaining popularity.
North Capital is offering software as a service (SAAS) solutions to enable the offering, transaction, clearing, and custody of private securities and thus disrupting exempt securities markets. With the launch of Ethereum investment offering, accredited investors are able to participate in the growth of the Ethereum blockchain and potential appreciation of Ether.
