Categories
Business

Rong Asset Management is looking to launch a Multiple Digital Token Trust

Rong Token Trust , a crypto asset management company headquartered in Singapore, is expanding its reach with a compelling Bitcoin investment trust.  The trust company established in Delaware as Rong token TRUST filed its Form D SEC paperwork this week.  Rong token Trust has adopted similar gray-scale Bitcoin Trust terms to raise funds in the market, with a total of US$100 million in the initial fundraising. Rong token Trust expenses for clients are pitched far lower than Grayscale Trust, with a minimum investment threshold starting at only $50,000 for external investors. According to the form D document disclosed by the SEC, Rong Token Trust’s main investment currencies include traditional BTC and ETH. At the same time, several other products of Rong Token Trust include BIW, CDS, BTD and YFW, which are highly regarded in the market. Rong is hatching an attractive alternative and paving the stones for a substantial market competitor to Grayscale Trust.