CoinCapital launches ETFs on TSX

Source: Coin Capital Investment Management

Today Coin Capital Investment Management Inc. (Coincapital), the OSC-registered investment and portfolio management division of digital asset trading platform Coinsquare, is set to ring the opening bell of the Toronto Stock Exchange (TSX) as Canada's newest ETF provider.

This comes alongside the launch of Coincapital's first two exchange-traded funds (ETFs), the Coincapital STOXX Blockchain Patents Innovation Index Fund ("LDGR") and the Coincapital STOXX B.R.AI.N. Index Fund ("THNK") on the TSX. These new investment vehicles will provide Canadian investors with access to emerging technologies through some of the world's leading companies.

"Canadians know technologies like AI and the blockchain are going to change the way we live and work, but it can be difficult to access high quality investments in these sectors without deep domain expertise," said Lewis Bateman, CEO of Coincapital. "We're doing the work for investors, using our in-depth industry knowledge to provide Canadians with an innovative suite of investment options that help them invest in new technology even if they're not an expert."

The first fund, LDGR, invests in global equity securities of companies that are investing in the research and development of blockchain technologies, backed by a proprietary artificial intelligence algorithm to identify and select companies in the fund. Based on iSTOXX Yewno Developed Markets Blockchain Index, the key criterion used in the selection process is patent filings related to blockchain intellectual property, identifying blockchain innovators as well as blockchain adopters.

The second fund, THNK, taps into four megatrends in technology and invests in global equity securities of companies that work in biotechnology, robotics, artificial intelligence, and nanotechnology. Based on the iSTOXX Developed Markets B.R.AI.N Index, the key criterion is that a company must generate 50% of revenues from the aggregate of the B.R.AI.N sectors.

Both LDGR and THNK will commence trading on the Toronto Stock Exchange after the market opens this morning. 

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