kaal:claim:3409548-033

The legacy private investment fund model delays liquidity: the investment process is long, complex and time intensive and leads up to a very late liquidity event in the form of an IPO or acquisition, which is why funds seek the early liquidity cryptocurrencies provide.

Source quote, verbatim

In the existing legacy business for private investment funds, the investment process is subject to long, complex, and time intensive processes leading up to a very late liquidity event in the form of an IPO or acquisition.

From

Kaal, Financial Technology and Hedge Funds (2019), III.4 Capitalizing on Disruption, p. 29
https://ssrn.com/abstract=3409548 · source PDF

Cite as

Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

Holds when

private investment funds investing in blockchain start-ups

Classification

mechanismsupport: arguedsecurities-lawdefiinnovation

Related claims

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