UK Investment Guides Loader

Dispersion Holdings debuts on London’s AQSE

written by Bella Palmer
defi

The investment vehicle, which will trade under the ticker symbol DEFI, aims to back the next Uniswap

Dispersion Holdings, a publicly traded decentralized finance (DeFi) fund established by the co-founders of listed crypto mining firm Argo Blockchain, makes its debut on London’s Aquis Stock Exchange Growth Market (AQSE).

Announced Friday, the investment vehicle, which will trade under the ticker symbol DEFI, aims to back the next Uniswap.

DeFi’s endless summer continues with some $65.34 billion locked up in platforms, according to DeFi Pulse. The Dispersion listing could be a smart move, since many talk about “institutional DeFi,” but nobody is sure exactly how large firms will play in this experimental realm. As such, Dispersion could be seen as proxy DeFi exposure without resorting to cryptocurrencies, stablecoins and smart contract-based market making.

The time may be ripe for crypto endeavours thinking of going public, most recently evidenced by the glitzy listing of Coinbase earlier this month. Argo Blockchain, which reported annual profits for the first time, recently listed a non-fungible token (NFT) investment fund on Aquis.

Dispersion’s directors include Argo Blockchain co-founder Michael Edwards and Timothy Le Druillenec, a director of Argo’s NFT vehicle.

We are going to be investing in early stage DeFi projects that are built on top of the Ethereum ecosystem, the Binance ecosystem, the Polkadot ecosystem, Dispersion CEO Michael Edwards said in an interview. So helping to scale and grow those companies, and also create new companies the way we did with Argo.

Dispersion has £11 million ($15.3 million) to deploy, having raised £2 million on the pre-IPO round, and £9 million on the IPO round. Investors in the IPO round included U.K. asset manager Schroders. On admission, Dispersion will have 612,500,000 ordinary shares in issue, giving the company a market capitalization of approximately £18 million, said Edwards.

One place that we’re exploring is what’s been called the ‘metaverse,’ said Edwards. So asset classes at the intersection of NFTs, gaming, esports and everything that’s happening there. For instance, my 12-year-old son knows the yield curve of his sword.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

You can tell friends this post!