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A newly introduced ETF offers investors the opportunity to invest in companies heavily involved in blockchain technology, all from behind the security of a more stable and regulated environment.
First Block Capital is a Vancouver-based investment firm that is currently in the final stage of issuing its publicly traded fund product – FCB's Digital Ledger Technology Adopters ETF – that will provide investors with an industry focus blockchain from traditional brokerage investment accounts.
The shares of the newly introduced ETF will be listed on Canada's Aequitas NEO Exchange next month and is led by several highly experienced investors. First Block Capital executive director Bill Stormont talked about the new ETF, saying:
"The fund will not rely on the fashion blockchain industry, you're looking at companies that are becoming worried, they do not necessarily live or die with the their investments in blockchain but while integrating them, our hope is that these types of names will be realized. "
Recalls a critical aspect of the new fund, the fact that although blockchain technology does not acquire widespread adoption, the fund will continue to exist and fund companies can continue to prosper. This is due to the fact that the fund will hold positions in major domestic companies, including Walmart, IBM, Amazon and Maersk. The fund will consist of 75% of blue-chip securities and only 25% of high-risk startup blockchain and cryptocurrency mining companies.
The fund's subproletary, Bruce Campbell, spoke to Bloomberg, saying that First Block Capital is "Really looking at companies that are family names – IBM, Maersk, Amazon – all these big companies that are using blockchain to improve their business."
Stormont added this sentiment, saying "Names like Nvidia – every ETF will keep this, but we will also bring names like Maersk or Walmart, not just focused on technology companies."
Other public companies switching to Blockchain technology
The First Block Capital ETF is in the midst of a growing movement for the major publicly traded companies to make the transition, going through several industries.
More recently, UPS giant shipping and logistics has filed a patent that provides a method of using the blockchain to increase the efficiency of delivery services. The publicly traded company gradually adopted small steps to incorporate blockchain technology, including Blockchain's accession to the Trucking Alliance a few months ago, in an attempt to bring greater efficiency to its customs brokerage service.
German automaker Daimler AG has also invested heavily in technology, recently launched a 100 million euro corporate loan tool using blockchain technology. The service will make it possible to track loan transactions efficiently, including repayments and interest payments.
Daimler's vice president of the treasure talked about their investments in blockchain, saying:
"Blockchain can affect almost the entire value chain, which is why, as a leading car company, we want to play an active role in the global blockchain community and help shape cross-sector blockchain standards We want to do this in all areas of application that are important to us: customer relationships, sales and marketing, supplier management, digital services and financial services. "
The future of the blockchain industry looks incredibly bright and new The investment products like the ETF offered by First Block Capital will only encourage more companies to invest resources in a relatively new technology.
Featured image of Shutterstock.
