Mainstreet Investment, a Cayman Islands-based exempt limited partnership, has announced an agreement with Jaxx, a provider of digital currency wallet services, has been signed.
The agreement includes wallet integration and Anthony Di Iorio, Jaxx founder, and CEO and Ethereum co-founder, joining on as an advisor to Intellisys, the general partner of Mainstreet Investment.
Jason Granger, CEO of Intellisys Capital said:
“We are very excited that Anthony will join our board of advisors. As one of the original founders of Ethereum, Anthony brings a wealth of experience in blockchain, but an even greater business acumen as we prepare to manage the very first liquid private equity fund on the blockchain. Mainstreet is at the forefront of a new frontier to provide liquid investments in private equity that will help to push blockchain technology forward.”
The Mainstreet Investment Token goes on sale Feb. 27, with 50 million available for purchase. Proceeds from the sale will fund the acquisition of U.S. middle-market companies. The sale will run through April 26, or until all tokens have been sold and will be capped at USD $25 million, with a 10% holdback for additional investment and working capital needs on existing investments.
The sale will occur on Mainstreet’s website with the help of Trulioo, a Vancouver, B.C.-based provider of identity confirmation software, to ensure that information provided by investors complies with Anti-Money Laundering and Know-Your-Customer requirements.
Along with listing the token, BlockTrades International Inc. will be providing help processing the sale, allowing participants to take part in the token offering using well more than two dozen accepted cryptocurrencies, in addition to Bitcoin and Ethereum.
The digital token will also trade on China-based digital currency exchange C2Cx.