What is an ETF?
ETFs are baskets of assets — stocks, commodities, or bonds — that are passively managed by a trust company and traded on a stock exchange. They track and mirror the performance of indexes. These indexes could include the S&P 500 or DAX 30, based on the market caps of the largest companies in the United States and Germany, respectively, or ones that track specific sectors like technology or precious metals. They are an excellent instrument for diversifying one’s portfolio.
Will ETFs be tokenized?
Yes, investors will receive ETF shares purchased through Brickblock as Proof-of-Asset (PoA) tokens.
Will Brickblock own the ETFs?
No, Brickblock will be the smart contract platform that initiates transactions between ETF managers and buyers. The ETFs will be legally owned by a trustee.
We plan to release our smart contract platform for ETFs in Q3/Q4 of 2018. Until then, check out our real estate page!