FAIRFIELD, Conn.–(BUSINESS WIRE)–Osprey Funds, LLC, a premier crypto funding agency, at this time introduced the Osprey Solana Trust (OSOL) has commenced buying and selling publicly by way of the OTCQB market. That is the primary publicly-traded fund within the U.S. primarily based on the native token of the Solana community, SOL. In celebration, the agency is internet hosting an unique launch social gathering tonight in San Francisco.
Solana, based by Anatoly Yakovenko and Raj Gokal, is the quickest blockchain on this planet with a market capitalization of over $13 billion. This protocol launched a hybrid consensus mechanism of Proof of Stake mixed and enhanced by Proof of Historical past, which has a novel technique of ordering transactions that drastically improves pace at a low price.
“The pace of the Solana community is superb and the Solana crew’s dedication to their mission is inspiring. Solana has the potential to change into the spine of a monetary system that scales globally, integrating asset costs throughout equities, bonds and plenty of different asset lessons,” mentioned Greg King, CEO of Osprey Funds. “Our OSOL fund opens the door to mainstream traders, offering inexpensive entry to one of many quickest rising developer communities on this planet.”
Initially opened for personal placement in September 2021, OSOL is now accessible to all U.S. traders by way of the OTCQB market via conventional brokerage and IRA accounts. The fund is backed by best-in-class service suppliers, together with Coinbase as custodian, Theorem Fund Providers as fund administrator and KPMG as auditor.
“At Osprey, we consider crypto is ushering in generational modifications in how human and monetary capital come collectively to unravel issues,” added King. “Our view is long-term, and even with current market pullbacks, now just isn’t the time to cease constructing. We applaud the initiatives and groups that proceed to ‘eat glass’ all through this tough interval and consider these persisting of their mission will emerge even stronger. Tonight is a celebration of the historic second we’re all residing via.”
Osprey Funds is waiving OSOL’s 2.5% administration payment via a minimum of January 1, 2023. For added data, please contact email@example.com.
About Osprey Funds
Osprey Funds is a number one crypto funding agency in america devoted to offering traders entry to crypto by way of funds and managed accounts. With workplaces in Fairfield, CT and Miami, FL, Osprey Funds manages the Osprey Bitcoin Trust (OBTC), the lowest-cost publicly-traded bitcoin fund within the U.S., the Osprey Polkadot Trust (ODOT), the Osprey Solana Trust (OSOL), the Osprey Algorand Trust, the Osprey Polygon Trust and the Osprey BNB Chain Trust. Osprey’s institutional enterprise consists of the Osprey NFT Fund, and administration of the Yieldstreet Enhanced Crypto Fund. Study extra by visiting https://ospreyfunds.io/.