Valentus Capital Plans $50M Token Raise for Credit Fund: Report

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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.

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