Highlights from the Crypto & Digital Currency Virtual Investor Conference on May 20

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Eleven companies in the crypto & digital currency space recently made their pitch to investors at the Crypto & Digital Currency Virtual Investor Conference Series on May 20th, 2021. Here are the highlights (to watch a replay of the investor presentations at the conference, click here). 

Grayscale Investments GBTCETHE

Grayscale is the world’s largest digital currency asset manager with roughly $42 billion in assets under management as of May 19th, 2021. Its investors include institutions, family offices, asset managers, RIAs, and accredited investors that want to own digital assets.

According to Grayscale’s Director of Investor Relations and Business Development Rayhaneh Sharif-Askary “Today, a lot of investors see bitcoin and digital currency as a tool to hedge against inflation, which also provides the upsides associated with technology.”

Grayscale’s products on OTC Markets offer exposure to price movement without the challenges and responsibilities of buying, storing, and securing digital currencies yourself. They are accessible through most major brokerage platforms and offer a way to own digital currency investment products in tax-advantaged accounts. 

Bitwise 10 Crypto Index Fund BITW

Bitwise offers index-based strategies in crypto and created the 1st & largest index fund in crypto. They are well-known for industry-leading research, education, and analysis presented to the SEC.

Index funds are the primary way that many access markets like equities, bonds, and commodities, and Bitwise offers a growing way for investors to access crypto in the same way. 

Bitwise CIO Matthew Hougan mentioned an interesting way to look at these digital currencies when he stated “Don’t think of crypto as just a currency, think of it as a technology that brings money into the internet era.”

The Bitwise 10 Crypto Index Fund holds the 10 largest crypto assets weighted by market capitalization and is rebalanced monthly. 

Coinsilium Group Ltd. CINGFCOIN)

Coinsilium is focused on leveraging seven years at the forefront of the blockchain technology space, by investing in, and building commercial ventures that will deliver Web 3.0 decentralized technology solutions and services to an emerging global market of institutions, businesses, and individuals.

The company started by investing in blockchain products but has evolved to focus on venture building in the field of open finance and NFTs.

An NFT, or Non-Fungible Token, is a unique digital asset that exists in a single number. The NFT sector is booming, and total NFT sales in 2020 were worth about $250m, while the past month alone saw sales exceed $220m, according to NonFungible.com.

BTCS Inc. BTCS

BTCS Inc. is an early mover in the blockchain and digital currency ecosystems and the first “Pure Play” U.S. public company focused on blockchain infrastructure and technology.

Blockchains are ushering in an age of asset digitization and transfer without the need for trusted intermediaries (banks, exchanges, governments, etc.), and BTCS is helping to make that happen.

BTCS believes that Web 3.0 and transaction-based industries built on blockchain technologies represent a multi-trillion market opportunity. The company has seen explosive balance sheet growth including $23.5 million in crypto and cash, representing a 4,229% YoY increase.

TAAL Distributed Information Technologies Inc. TAALFTAAL

TAAL is a blockchain infrastructure company that is helping enterprise clients bring their operations into the blockchain. 

The company profits via 3 revenue drivers - TAAL infrastructure generates revenue through

mining, transaction processing, and value-added services/software fees, and exposure to BitcoinSV.

President Chris Naprawa stated that “the applications for blockchain are endless, and that looking at the blockchain today is like looking at the internet in 1996. Everything that you do now is going to be on the blockchain in the coming years”.

Banxa Holdings Inc. BNXAFBNXA

Banxa is the world’s first stock exchange-listed Payment Service Provider (PSP) for the digital

asset industry. The company’s mission is to build the bridge between traditional financial systems and regulation and the digital asset space. 

Over time, Banxa plans to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency.

Banxa has seen strong growth in Total Transaction Volume, including over 688% year-over-year growth as of the company’s March quarter.

Currencyworks Inc. CWRKCWRK

Currencyworks is a blockchain-based platform that enables transactions, issuances, and infrastructure for digital assets. The company prefers to be known as a “Crypto as a Service” platform. 

Currencyworks has worked with many businesses to build altcoins, private digital currencies, and non-fungible token platforms. Past clients include KodakOne, TOPPS, and World Wide Asset Exchange. 

BIGG Digital Assets Inc. BBKCFBIGG

BIGG Digital Assets Inc. is a rapidly-growing company with real revenues that are scaling quickly. The company refers to itself as “Compliance First Crypto”.

There is a lot of money to be made in the area of crypto that requires regulation especially as crypto markets continue to expand. BIGG’s mission is to bring security and accountability to cryptocurrency with trusted data analysis and risk-scoring capabilities for blockchain/Bitcoin and other cryptocurrencies.

The company has developed tools to mitigate the risk associated with cryptocurrencies and they are currently being utilized by Law Enforcement Agencies globally. BIGG Digital Assets predicts that its Q2 2021 revenues will grow by over 1000% year-over-year.

Vemanti Group Inc. VMNT

Vemanti Group focuses on applications utilizing emerging and scalable technologies like blockchain and AI to solve real-world problems. 

For example, the company launched FinTech and DeFi initiatives to tackle the major problem for the unbanked globally, providing FDIC-insured virtual bank accounts to over 150+ countries. 

The company wants to offer financial services to underbanked and underserved consumers and small businesses in emerging markets such as Southeast Asia. 

Mode Global Holdings PLC MODE

Mode Global Holdings PLC is an emerging LSE-listed fintech aiming to “challenge the challengers” and build a disruptive, digitally native financial ecosystem, where exchanging value and creating wealth is truly seamless for all.

The company generates revenue from activities such as trading and with Mode’s global payments and marketing services. It was one of the first companies to IPO on LSE with a consumer-facing Bitcoin offering. Mode’s mission is to build the world’s most disruptive financial system enabled by Bitcoin and Open Banking. 

LUXXFOLIO Holdings Inc. LUXFFLUXX

LUXXFOLIO is an integrated digital asset company that operates an industrial-scale cryptocurrency mining operation in the United States. It’s backed by a Global Credit Fund that provides debt financing to the global crypto mining industry.

Mining is an important part of the cryptocurrency ecosystem, and LUXXFOLIO recognizes the opportunity there. The company’s vision is to expand its mining operation and offer investors low-cost exposure to cryptocurrency mining & other crypto-related revenue streams.

Click here to watch a replay of the conference and here to register for future conferences. 

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

 

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