Accelerate NFT Fund Builds Momentum for Web3 Investment in
Accelerate NFT Fund, launched in 2022, is Canada’s first Web3 funding car. Its improvement factors to further alternatives in blockchain-related investing. The NFT Fund is supported by Canadian crypto custodian Tetra Belief and makes use of Ledger Enterprise to make sure protected and safe storage of the Fund’s digital property.
CALGARY, Alberta, Nov. 16, 2022 (GLOBE NEWSWIRE) — Accelerate Monetary Applied sciences Inc. (“Accelerate”), one in every of Canada’s quickest rising various funding answer suppliers, introduced it has just lately acquired 5 “blue-chip” non-fungible tokens (“NFTs”) for its Accelerate NFT Fund LP (“Accelerate NFT Fund”). The Fund’s NFTs and cryptocurrency are securely saved in Tetra Belief Firm’s custody answer.
As Canada’s first Web3 funding car, the Accelerate NFT Fund was launched on July 29, 2022, to supply buyers publicity to the NFT market. NFTs are a brand new cryptocurrency asset that mixes digital artwork with blockchain, tradition and social community components. The NFT market recorded US$1.6 billion in traded quantity within the third quarter of 2022, in accordance with Canadian analytics specialist NonFungible.com. As these property proceed to mature and achieve in reputation, buyers demand that digital property be professionally managed, safely and securely, and be totally compliant with laws.
“Web3 represents the next era of the internet, and NFTs allow users not just to participate but also own Web3. The safe storage and secure custody of these digital assets is vital to more investors participating in such high-growth Web3 investment opportunities. That is why Accelerate has partnered with the Canadian crypto custodian Tetra Trust and uses the digital asset wallet management solution called Ledger Enterprise to provide clients with institutional-grade custody for their digital assets,” said Julian Klymochko, Founder and CEO of Accelerate.
Accelerate has been pleased with the growth and the interest investors have shown in the new NFT Fund. This interest comes at a time when the NFT market has been challenged in terms of the safety and security of such crypto assets. Accelerate believes in the long-term potential of NFTs and sees opportunities for additional asset classes to be added to the blockchain. Accelerate is working with Tetra Trust and Ledger to map out strategies to safely bring these assets to investors in the near term.
“Tetra Trust is Canada’s first qualified custodian for cryptocurrency and digital assets, and our goal is to provide Accelerate and its clients with absolute confidence in the safety and security of the underlying assets. We offer institutional-grade custody solutions for these NFTs and will do so for the additional Web3 products that Accelerate chooses to bring to the market,” said Didier Lavallée, Tetra Trust’s CEO.
Tetra Trust is currently partnering with Ledger Enterprise for secure information technology infrastructure for Web3 products whereas Tetra had previously relied on Knox Custody.
“Ledger Enterprise gives the state-of-the-art safety know-how that protects Accelerate’s digital property. Bringing safety at scale, we allow organizations to advance safely into the NFT asset class because it strikes past collectibles. Our multi-authorization hardware-based answer provides establishments and buyers the flexibility to enter the Web3 area with confidence,” stated Kelly Moran, Lead Relationship Supervisor for Ledger Enterprise.
The Accelerate NFT Fund owns a diversified portfolio of blue chip NFTs, together with collectibles comparable to CryptoPunks and Bored Ape Yacht Membership. Accredited buyers are inspired to contact info@accelerateshares.com for details about the Fund.
About Accelerate
Accelerate is one in every of Canada’s most progressive and fastest-growing various funding answer suppliers, with a set of hedge fund ETFs, crypto ETFs and Web3 funds for buyers looking for diversification and long-term efficiency. Accelerate is empowering buyers. Discover out extra at www.AccelerateShares.com.
About Tetra Belief
Based in 2019, Tetra Belief is Canada’s first and solely belief firm licensed to custody digital property. Tetra acquired its Certificates of Registration from the Authorities of Alberta on July 5, 2021 and meets the definition of a professional custodian below Nationwide Instrument 31-103 and Nationwide Instrument 81-102. The Firm is backed by Coinsquare, Canada’s premier cryptocurrency trade digital asset buying and selling platform; Coinbase Ventures, an funding arm of Coinbase which is likely one of the world’s largest publicly traded cryptocurrency exchanges; the Canadian Securities Change; Mogo Monetary Inc.; Urbana Company; and others. Led by a first-class crew of safety and enterprise consultants and a Board of Administrators with intensive belief firm expertise, Tetra delivers essentially the most superior digital asset storage know-how within the trade. For additional info go to www.tetratrust.com.
About Ledger
Based in Paris in 2014, LEDGER is a world platform for digital property and Web3. Ledger is already the world chief in Crucial Digital Asset safety and utility. With greater than 5M gadgets offered to shoppers in 200 nations and 10+ languages, 100+ monetary establishments and types as clients, 20% of the world’s crypto property are secured, plus providers supporting buying and selling, shopping for, spending, incomes, and NFTs. LEDGER’s merchandise embrace: Nano S Plus, Nano X {hardware} wallets, LEDGER Dwell companion app, [ LEDGER ] Market, the world’s first secure-minting and first-sale distribution platform, and Ledger Enterprise. With its ease of use, LEDGER permits a consumer to start investing in digital property and in the end, obtain monetary freedom in a protected and stress-free surroundings.
Contacts
Accelerate Monetary Applied sciences
Julian Klymochko, Founder and CEO
E mail: info@accelerateshares.com
Tetra Belief
Didier Lavallée, CEO
E mail: press@tetratrust.com
Ledger Enterprise
Kelly Moran, Lead Relationship Supervisor
E mail: media@ledger.com
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