SupraFin, described as the first automated investment management platform for cryptocurrencies / digital assets, will be crowdfunding soon. SupraFin utilizes bespoke algorithms and trading models designed to give individuals the upper hand in the volatile crypto market.
According to an email from SupraFin, the company is planning a securities offering on Crowdcube. As part of the campaign, SupraFine will be awarding its own cryptocurrency to investors. For Crowdcube, this represents the first side by side, crypto-traditional securities offering and may indicate a shift in platform strategy. Crowdcube has been reviewing the crypto/tokenization space for some time now. Crowdcube is the largest crowdfunding platform in the UK and has a relationship with US-based SeedInvest – now part of crypto-ecosystem firm Circle.
Importantly, investors in the UK may benefit from tax benefits under either the SEIS or EIS program.
SupraFin reports that it may collaborate with the Imperial College of London and has started discussions with big bank Santander – a financial institution that has been very supportive of Fintech innovation.
SupraFin also reports that it has started “discussions with the CEO of a large financial institution” who has expressed interest in backing the firm.
SupraFin was founded by Liliana Reasor who spent 20+ years in big finance as an executive at JP Morgan, Deutsche Bank, Bank of America, Morgan Stanley, and Moody’s Analytics. She holds an MS in Computational Finance from Carnegie Mellon so she has a pretty good handle on trading and algorithms.
While no date was provided on the crowdfunding round it should be a security offering to watch.
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