Iconiq Holding will primarily use the funds to further develop and launch the recently announced Asset-Management-as-a-Service (AMaaS) platform as well as scale its existing business units, the decentralized venture capital group and accelerator program, Iconiq Lab, and crypto asset index fund issuer, Iconiq Funds.
“FinLab has been Iconiq’s biggest supporter and a valued partner since the very beginning, and it is great to have their continued support of the Iconiq vision. We are equally excited to add Germany’s largest venture capital group, HTGF, to the Iconiq family. Together, we see the unlimited upside of crypto assets as more traditional assets such as equities, debt and even real estate become tokenized on the blockchain. As the space continues to evolve it is our goal to offer asset managers the premier ecosystem to better execute their crypto investment strategies through AMaaS.”
AMaaS is a 360-degree service platform for crypto asset managers to optimize the execution of their own crypto investment strategies. The AMaaS ecosystem comprises a seamless portal through which managers may digitally launch regulated financial vehicles, execute transactions through an aggregated orderbook from global crypto exchanges, engage licensed crypto custodians as well as world-class auditors, banks, fund accountants and other vital fund service providers.
The AMaaS platform is secured by the ICON Vault, a bespoke, secure digital wallet solution utilizing cold and hot storage solutions. AMaaS is the infrastructure supporting the Iconiq Funds’ crypto asset index funds and is now available to any external crypto asset manager.
“We believe that crypto assets are the currency or ownership right of tomorrow. Blockchain technology can provide a trust level that centralized agencies can never achieve,” said Tobias Schulz, Investment Manager from HTGF.
Stefan Schütze, a member of the management board of FinLab, said, “Right from the beginning, we were convinced of the potential of Iconiq Lab and its founders. We are very pleased that we can now add HTGF as an investor and partner who shares our vision and will help continue the development of Iconiq Lab with us.