Accelerate NFT Fund builds momentum for Web3 investments in

The Accelerate NFT Fund, launching in 2022, is Canada’s first Web3 investment vehicle. The development points to several opportunities in blockchain-related investments. The NFT fund is backed by Canadian crypto custodian Tetra Trust and uses Ledger Enterprise to ensure safe and secure storage of the fund’s digital assets.

CALGARY, Alberta, Nov. 16, 2022 (GLOBE NEWSWIRE) — Accelerate Financial Technologies Inc. (“Accelerate”), one of Canada’s fastest growing providers of alternative investment solutions, announced that it has recently acquired five “blue-chip” non-fungible tokens (“NFTs”) for Accelerate NFT Fund LP (“Accelerating the NFT fund“). The fund’s NFTs and cryptocurrency are safely stored in Tetra Trust Company’s custody solution.

As Canada’s first Web3 investment vehicle, the Accelerate NFT Fund was launched on July 29, 2022 to provide investors with exposure to the NFT market. NFTs are a new cryptocurrency asset that combines digital art with blockchain, cultural and social networking elements. The NFT market recorded USD 1.6 billion in traded volume in the third quarter of 2022, according to Canadian analytics specialist NonFungible.com. As these assets continue to mature and gain in popularity, investors demand that digital assets are managed professionally, safely and securely, and that they are fully compliant with regulations.

“Web3 represents the next era of the Internet, and NFTs allow users to not only participate, but also own Web3. Safe storage and safekeeping of these digital assets is essential for more investors to participate in such high-growth Web3 investment opportunities. It that is, why Accelerate has partnered with Canadian crypto custodian Tetra Trust and is using its digital asset management solution called Ledger Enterprise to provide customers with institutional-grade custody for their digital assets, said Julian Klymochko, founder and CEO of Accelerate.

Accelerate has been pleased with the growth and interest investors have shown in the new NFT fund. This interest comes at a time when the NFT market has been challenged in terms of the safety and security of such crypto-assets. Accelerate believes in the long-term potential of NFTs and sees opportunities for additional asset classes to be added to the blockchain. Accelerate is working with Tetra Trust and Ledger to map out strategies to safely bring these assets to investors in the near term.

“Tetra Trust is Canada’s first qualified custodian for cryptocurrency and digital assets, and our goal is to give Accelerate and its clients absolute confidence in the safety and security of the underlying assets. We provide institutional-grade custodian solutions for these NFTs and will for the additional Web3 products that Accelerate chooses to bring to market, says Didier Lavallée, Tetra Trust’s CEO.

Tetra Trust currently partners with Ledger Enterprise for secure information technology infrastructure for Web3 products, whereas Tetra had previously relied on Knox Custody.

“Ledger Enterprise delivers the state-of-the-art security technology that protects Accelerate’s digital assets. By bringing security at scale, we are enabling organizations to confidently advance into the NFT asset class as it moves beyond collectibles. Our hardware-based, multi-authorization solution provides institutions and investors the ability to enter the Web3 space with confidence,” said Kelly Moran, Lead Relationship Manager for Ledger Enterprise.

The Accelerate NFT Fund owns a diversified portfolio of blue chip NFTs, including collectibles such as CryptoPunks and Bored Ape Yacht Club. Accredited investors are encouraged to get in touch [email protected] for information about the fund.

About Accelerate

Accelerate is one of Canada’s most innovative and fastest-growing alternative investment solutions providers, offering a range of hedge fund ETFs, crypto ETFs and Web3 funds for investors seeking diversification and long-term performance. Accelerate empowers investors. Find out more at www.AccelerateShares.com.

About Tetra Trust

Founded in 2019, Tetra Trust is Canada’s first and only trust company licensed to store digital assets. Tetra received its certificate of registration from the Government of Alberta on July 5, 2021 and meets the definition of a qualified custodian under National Instrument 31-103 and National Instrument 81-102. The company is backed by Coinsquare, Canada’s premier cryptocurrency exchange digital asset trading platform; Coinbase Ventures, an investment arm of Coinbase which is one of the world’s largest publicly traded cryptocurrency exchanges; the Canadian Stock Exchange; Mogo Financial Inc.; Urbana Corporation; and others. Led by a first-class team of security and business experts and a board of directors with extensive trust company experience, Tetra delivers the most advanced digital asset storage technology in the industry. For more information visit www.tetratrust.com.

About Ledger

Founded in Paris in 2014, LEDGER is a global platform for digital assets and Web3. Ledger is already a world leader in Critical Digital Asset security and utility. With more than 5 million units sold to consumers in 200 countries and 10+ languages, 100+ financial institutions and brands as customers, 20% of the world’s crypto assets are secured, plus services that support trading, buying, spending, earning and NFTs. LEDGER’s products include: Nano S Plus, Nano X hardware wallets, LEDGER Live companion app, [ LEDGER ] Market, the world’s first distribution platform for secure coining and first sale, and Ledger Enterprise. With its ease of use, LEDGER allows a user to start investing in digital assets and ultimately achieve financial freedom in a safe and stress-free environment.

Contacts

Accelerating financial technology
Julian Klymochko, founder and CEO
Email: [email protected]

Tetra Trust
Didier Lavallée, CEO
Email: [email protected]

Ledger Enterprise
Kelly Moran, Lead Relationship Manager
Email: [email protected]