CRYPTO20 is an autonomous crypto-only index fund that tracks the top 20 cryptocurrencies in the same way the S&P500 tracks the top 500 US company stocks. C20 is the fund’s token, and represents an investor’s share in the fund. Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract.
aXpire has launched its latest technology innovation into the Fund Administration Services space. aXpire will initially serve to help asset and fund administrators and managers at banks, hedge funds, private equity firms and others to deal with the resource and time-costly process of allocating and apportioning outside vendor costs to each fund, or split of funds as is appropriate, based on the deal.