Hello, we wanted to announce Apis Token, the world's first tokenized hedge fund. We have successfully built and launched on Stellar in May, raising $1.7 million. The Apis Token allows investors to diversify away from cryptocurrency, because the strategy focused on trading S&P 500 options and VIX futures.
You can read more about the Apis Token here: https://apiscapitalfunds.com/apis-token/
We have been covered in the media as well: https://apiscapitalfunds.com/press-coverage/
Besides bringing the asset management world to Stellar, we are utilizing the Stellar network in a unique way. Our redemption process (where investors can exchange their APIS tokens for XLM and USD as well as a few other cryptos) will utilize a smart contract built on Stellar to automatically process redemptions for all investors. We will be utilizing the top Stellar-based anchors for each cryptocurrency, so all redemptions will be on Stellar.
We believe that this is an excellent use case for Stellar as the premier protocol for the new and open financial services industry, which is why we are applying to the Stellar Build Challenge.
Please ask any questions, or contact us directly through our social media channels (on our website)