An emerging leader in the development of tokenized assets, Cryptexʼs premier product TCAP.X tokenizes Total Cryptocurrency Market Capitalization with a single, secure, collateral backed solution.
For cryptocurrency investors, traders, funds and institutions, TCAP.X is an ERC-20 backed smart contract that tokenizes real time Total Market Capitalization data from all cryptocurrencies and tokens listed on 9 global exchanges, thus creating a new crypto asset that makes Total Market Capitalization available for trade in a single, secure, collateral backed solution.
Total Market Capitalization (TCAP.X) tokens offer instantaneous settlement and carry no annual fees, other than standard trading commissions, which vary on an exchange by exchange basis. Each coin has its own underlying value, which can be transferred by clients to each Cryptex partner exchange quickly, efficiently and securely.
Data aggregation of real time Total Market Capitalization data from 9 major, data transparent exchanges allows for tracking of 2,861 cryptocurrency pairs in one simple solution, providing investors with a true alternative to having exposure to the entire crypto space via one asset.
The investments and services offered by us may not be suitable for all investors. If you have any doubts as to the merits of an investment, you should seek advice from an independent financial advisor. Given cryptos volatility you should not buy unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
Currently, several firms are rolling out traditional finance structured vehicles, such as OTC ETPʼs in accordance with Regulation D or Rule 144. These products purchase a small, underlying per share equivalent of Bitcoin or another cryptocurrency. Then, the ETP share typically trades on the Pink Sheets or other OTC venue at a significant premium to the underlying cryptocurrency asset, given the limited list of publicly traded solutions. The Grayscale Bitcoin trust, GBTC, currently with 2.3 billion in assets under management, consistently trades at a premium relative to the small underlying per share amount of Bitcoin any customer can simply purchase with a Non-Qualified Coinbase account. *All stats as of 7/29/2019.
In terms of bundled Crypto products, the choices for investors are only to purchase a small bundle of coins, weighted by market cap, for a fee. Nothing stops the investors from mimicking the product by simply buying the offered coins and allocated weightings outright themselves, thus bypassing the fees. In the case of Bitwise, for a bundle of the top 10 coins, annual expenses average 2.5% in management fees, 3% early withdrawal fees and weekly redemptions. *All stats as of 7/29/2019.