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Apis Token Raises $1.7mn In Pre-Sale

Apis Token, the first tokenized hedge fund, has launched on the Stellar Network. It began its private pre-sale in late May, and will benefit from the profits of the ACM Market Neutral Volatility Strategy Fund, a unique volatility based trading strategy with a proven track record run by Apis Capital Management. "We have had very high interest," says Dr. Edgar Radjabli, Managing Partner of Apis Capital Management, "Due to this being a unique opportunity for investors to access a professionally managed and profitable strategy through the simplified and investor friendly token model." As of June 1st, the strategy has returned 79% annualized over 29 months (192%...