NEO Connect, the mutual fund distribution platform of Toronto-based Aequitas Innovations Inc., has announced that First Block Capital Bitcoin Trust, the only open-ended bitcoin fund approved by Canadian regulators, is now available on its platform under the symbol FBCBT.
The fund, which is eligible for accredited investors only, allows unitholders to put units in a self-directed registered account such as an RRSP or TFSA.
“At First Block, we provide investment exposure to bitcoin by removing the complicated barriers to investing directly in the cryptocurrency. As the market leader in providing investment vehicles based on blockchain and cryptocurrency in Canada, we are very happy to make our fund more accessible to the accredited investor community,” says Sean Clark, co-founder and CEO of Vancouver-based First Block Capital, in a statement.
“As the world evolves, we are very pleased our unique fund distribution platform can help the investment community access, with ease and efficiency, an ever-expanding spectrum of new and innovative asset classes.” said Jos Schmitt, president & CEO, NEO.