Bitcoin Pioneer Charlie Shrem Launches New Blockchain Venture

Btchain

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“You’re going to have bitcoiners owning stakes in septic tank companies.”

If early bitcoin businessman Charlie Shrem’s newest try (his initial given his recover from jail progressing this year) goes to plan, a formula could offer new – and surprising – ways for digital banking users to invest.

Called Intellisys Capital, a startup (co-founded by CEO Jason Granger) intends to offer a private equity investment portfolio in that tokens representing shares in a portfolio of “middle marketplace companies” are released on a ethereum blockchain.

Announced during CoinDesk On Tap in New York today, a try is Shrem’s initial given his initial startup BitInstant close down amid regulatory concerns.

Intellisys Capital, he said, now intends to emanate tokens representing blockchain-based shares in manufacturing, genuine estate or even spotless rubbish firms that are essential and low risk.

Shrem told a audience:

“We’ll be offered tenure and shares in this portfolio of companies on a blockchain, so a token won’t be formed on speculation. If we possess a token, you’ll be owning a square of tough assets, a square of these companies.”

Blockchain will be used to discharge and decentralize a fund, he added.

As explained in a press release, a fund


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