A prospective U.S. non-public equity investments shop called Valentus Capital Administration is hoping to spice up its first $50 million by tokenizing itself and offering the tokens for sale.
- Based on Reuters, the yet-to-be-registered asset manager hopes to sell digital securities called VAL1 that affords its holders a stake in Valentus’ planned $250 million credit ranking fund.
- Valentus is pursuing the tokenization and offering with a exiguous bit-known digital asset outfit called Realio, Reuters mentioned. Realio’s CEO Derek Boirun did now no longer steady away present commentary.
- Token sales will fund Valentus’ planned investments in distressed debt and morgatge securities, the Reuters article mentioned.
- If the offering goes through dreary this year or early next, it might possibly be the significant time a U.S. non-public equity fund has efficiently tokenized itself for U.S. patrons, Valentus investments chief Behzad Taufiq instantaneous Reuters.
- Valentus did now no longer immendiatly return CoinDesk requests for commentary.