AKJ Crypto, which develops digital assets trading and infrastructure for hedge fund managers, has distributed its first payout in the ether cryptocurrency based on the firm’s revenues.
The payout – our “shareout” – is equal to 2.07% invested capital and is paid to investors who bought the London-listed company’s token.
The AKJ Token is one of the few tokens within the crypto universe that already generates sufficient production to pay a shareout and generate yield for token investors, the firm said.
Token investors in AKJ Crypto’s business could receive up to 25% of net revenues generated across certain lines of business, including fund infrastructure, trading, and capital allocation. The firm allocates capital through the AKJ Digital Assets FoF, an affiliated crypto hedge fund of funds.
Neal Mitra, CEO of AKJ Crypto plc, said: “With this distribution we now see the full ecosystem at work. We have now ‘closed the loop’ by executing a robust crypto business model that provides real returns back to our investors.”
KJ Crypto provides service such as regulatory compliance, licensing, trading, settlement, storage and provider partnerships, and provides access to its fund of funds investing.
*Funds Europe interviewed Neal Mitra last year about access to crypto assets.
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