A team of cryptographic researchers and experts in the public market is the preparation to launch what calls the largest ether that carries the performance aimed at institutional investors.
The company, called Ether Machine, plans to create a vehicle that is quoted in the stock market that offers institutional degree exposure to Ethereum infrastructure and Ether’s performance (ETH), announced Monday.
He is co -founded by Andrew Keys, former member of the Board and Chief of Global Commercial Development of Consensys, and David Merin, a former Corporate Development Executive of Consensys who now serves as CEO of Ether Machine.
Ether Machine aims to “expand Ethereum’s economic security as the base layer for the next era of global finance and computing,” according to its website.
The company will be formed through a combination of Ether Reserve and Dynamix Corp, a special purpose acquisition company mentioned by Nasdaq.
After this, Ether Machine plans to list the Nasdaq under the “ETHM” Ticker symbol, with more than 400000 ETH worth more than $ 1.5 billion under administration in the launch.
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Ethereum’s performance and native strategy
Ether Machine said that it aims to have “one of the greatest ETH passions of Ochain” or any public company, generating yields called ETH through the strike, rest and participation administered in decentralized finance protocols (Defi).
The company said it will also offer “Hand key infrastructure solutions” for companies, DAOs and native Ethereum builders in the block chain.
Cointelegraph has contacted Ether Machine to obtain more details about the size and scope of the ETH position of the background.
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The announcement occurs in the middle of a growing list of companies that adopt Bitcoin (BTC) and cryptocurrency treasures, with the aim of strengthening the value of shareholders and attracting more investors.
On June 19, Lion Group, which is quoted at Nasdaq, announced a reserve of hyperlylic treasury (Hype) of $ 600 million, which debuted with an initial investment of $ 10.6 million.
On June 11, the interactive force, a manufacturer of physical conditioning equipment that is quoted in Nasdaq, announced an increase of $ 500 million to acquire fetch.ai (fet) chips and establish the largest token to the token of Ai de Ai larger in the world.
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