Launched in 2022, the Accelerate NFT Fund is Canada’s first Web3 investment vehicle. Its development presents additional opportunities in blockchain-related investments. The NFT Fund is backed by Tetra Trust, a Canadian cryptocurrency custodian, using Ledger Enterprise to safely and securely store the Fund’s digital assets.
CALGARY, Alberta, November 16, 2022 (GLOBE NEWSWIRE) — Accelerate Financial Technologies Inc. (“To accelerate), one of Canada’s fastest growing alternative investment solutions providers, recently announced the acquisition of five “high quality” non-fungible tokens (“NFTs”) Accelerate NFT Fund LP (“Accelerate NFT Fund”). His NFTs and cryptocurrencies in the fund will be safely stored in Tetra Trust Company’s custody solution.
Canada’s first Web3 investment vehicle, the Accelerate NFT Fund, was launched on July 29, 2022 to provide investors with exposure to the NFT market. NFTs are new cryptocurrency assets that combine elements of digital art with blockchain, culture and social networks. According to his NonFungible.com, an analytics specialist in Canada, the NFT market has recorded a trading volume of US$1.6 billion in the third quarter of 2022. As these assets continue to mature and grow in popularity, investors demand that their digital assets are professionally managed, safe and secure, and fully compliant with regulations.
“The Web3 represents the next era of the Internet and NFTs allow users not only to participate but also to own the Web3. Accelerate has partnered with Canadian cryptocurrency custodian Tetra Trust, using a digital asset wallet management solution called Ledger Enterprise , why we offer our customers institutional-level custody of their digital assets,” said Julian Klymochko, Founder and CEO of Accelerate.
Accelerate is pleased with its growth and investors are showing interest in the new NFT fund. This interest comes at a time when the NFT market is being challenged in terms of the safety and security of such crypto assets. Accelerate believes in the long-term potential of NFTs and sees opportunities as additional asset classes are added to the blockchain. Accelerate is working with Tetra Trust and Ledger to develop strategies to safely deliver these assets to investors in the near term.
“Tetra Trust is Canada’s first accredited custodian of cryptocurrencies and digital assets, and our goal is to provide Accelerate and its clients with absolute confidence in the safety and security of their underlying assets. Tetra Trust CEO Didier Lavallee said:
Tetra Trust now partners with Ledger Enterprise to provide a secure information technology infrastructure for Web3 products, while Tetra previously relied on Knox Custody.
“Ledger Enterprise provides cutting-edge security technology to protect Accelerate’s digital assets. By deploying security at scale, we will enable organizations to safely move beyond collectibles into the NFT asset class.” Kelly Moran, Lead Relationship Manager for Ledger Enterprise, our multi-authentication hardware-based solution, said:
Accelerate NFT Fund owns a diverse portfolio of quality NFTs, including collectibles such as CryptoPunks and Bored Ape Yacht Club.Accredited Investors are encouraged to contact email@example.com For information about the fund.
Accelerate is one of Canada’s most innovative and fastest growing alternative investment solutions providers, offering a range of hedge fund ETFs, crypto ETFs and Web3 funds for investors seeking diversification and long-term performance. It offers. Accelerate is empowering investors.Click here for details www.AccelerateShares.com.
About Tetra Trust
Founded in 2019, Tetra Trust is the first and only trust company in Canada licensed to manage digital assets. Tetra has received its Certificate of Registration from the Alberta Government on July 5, 2021 and meets the definition of a Qualified Manager under National Instrument 31-103 and National Instrument 81-102. We are backed by Coinsquare, Canada’s leading cryptocurrency exchange digital asset trading platform. Coinbase Ventures is the investment arm of Coinbase, one of the world’s largest listed cryptocurrency exchanges. Canadian Stock Exchange; Mogo Financial Inc.; Urbana Corporation; Led by a first-class team of security and business experts and a board of directors with extensive trust company experience, Tetra offers the industry’s most advanced digital asset storage technology. For more information, see: www.tetratrust.com.
About the ledger
Founded in Paris in 2014, LEDGER is a global platform for digital assets and Web3. Ledger is a global leader in the security and utility of critical digital assets. Over 5 million devices sold to consumers in 200+ countries and 10+ languages, with over 100 financial institutions and brands as customers, 20% of the world’s crypto assets are protected, traded, purchased , expenditures, revenues, and NFTs are provided. LEDGER products include the Nano S Plus, Nano X hardware wallet, LEDGER Live companion app, [ LEDGER ] Market and Ledger Enterprise, the world’s first secure mint and fast-selling distribution platform. The easy-to-use LEDGER enables users to start investing in digital assets and ultimately achieve financial freedom in a safe and stress-free environment.
Acceleration of financial technology
Julian Klymochko, Founder and CEO
Didier Lavallee, CEO
Kelly Moran, Lead Relationship Manager