Digital asset manager Osprey Funds has launched the Osprey Solana Trust in the US for private placement.
“Solana has the potential to become the rails of an integrated, decentralised financial network that establishes one global price for assets. With the debut of the Osprey Solana Trust, we are continuing to build onramps for investors to access what we believe are the most promising blockchain technologies,” says Greg King, CEO of Osprey.
Following a breakthrough in mobile communications, Solana Founder and CEO Anatoly Yakovenko introduced Proof of History to blockchain, an algorithmic solution for timestamping transactions. This enables the Solana network to operate at incredible speed, processing 65,000 transactions per second with sub-second block finality, which will only get faster as network bandwidth increases.
“The pedigree of the science and potential of the technology behind Solana is unique among current blockchains,” says Greg King, CEO of Osprey Funds.
The Osprey Solana Trust is currently available to accredited investors for subscription with a USD10,000 minimum investment. The sponsor intends to pursue listing the fund on the OTCQX market as soon as possible and has also agreed to waive the management fee for all investors until January 2023.
Osprey Funds continues to deepen its disruptive digital asset investment platform with the Osprey Solana Trust being the fourth product launched this year. The firm also offers the Osprey Bitcoin Trust (OBTC), the Osprey Polkadot Trust and the Osprey Algorand Trust.