Crypto Valley, Switzerland. BLOCKCHAIN PROPULSION® has signed an agreement with “The Thorium Network” to establish a regulated tokenized EUR 1 Billion Thorium Fund in the Principality of Liechtenstein, leveraging its secure state-of-the-art Swiss Banking-grade BPRO Digital Assets Platform™, which is hosted in triple georedundant Data Centres in Switzerland. The institutional-grade regulated tokenized Alternative Investment Fund (AIF) will be established in Q2-2021 under a new AIF-umbrella fund structure for the global energy and renewables industry (the “BPRO Energy Fund”), enabling both traditional and crypto investors worldwide to invest with traditional currencies (EUR/CHF/USD) and digital currencies (BTC/ETH), respectively.
In June 2020, BLOCKCHAIN PROPULSION® (“BPRO”) already successfully established one of the world’s first regulated tokenized AIF-umbrella fund structures for the global real estate industry (the “BPRO Real Estate Fund”) – approved and licensed by the Financial Market Authority (FMA) under the Blockchain Act of Liechtenstein – Token and Trustworthy Technology Service Providers Act (TVTG). A similar institutional-grade investment structure will now be established for the EUR 1 Billion Thorium Fund.
The Thorium Network (TTN) is an initiative of MECi Group International – a Swiss-based non-profit organization that believes in the future of clean energy with complete transparency and accountability. In its pursuit of revolutionizing the world through safe, sustainable, and affordable energy, its latest venture (“The Thorium Network”) is a clean energy project focused on the development of a global ecosystem to facilitate the delivery and supply of Thorium Molten Salt energy production through a blockchain-powered decentralized management system (the Honey Badger™).
As the first company in the world to build such solution, TTN will facilitate clean energy supply management that is transparent and accessible, with the strategic ambition to become the world’s primary trusted source and distributor of Thorium. The EUR 1 billion investment will be used to execute a multi-strategy approach encompassing the acquisition of Rare Earth (RE) Assets and the rights to process mined REs, including building a Thorium Molten Salt Test Facility. Investments are also planned in new innovative Thorium related and molten salt nuclear energy projects and technologies to further accelerate the world’s first blockchain-powered fission fuel energy delivery.
BLOCKCHAIN PROPULSION®, as a Strategic Advisor and Partner of The Thorium Network, looks forward to structuring and facilitating the fully legal and regulatory compliant issuance of its “Digital Assets”, which includes incorporating the new Swiss-headquartered legal entity in Canton Zug (“The Thorium Network AG”), establishing its regulated tokenized “EUR 1 Billion Thorium Fund”, preparing the admittance for the listing and trading of the “Thorium Fund Tokens” on reputable and regulated Digital Security Exchanges around the world, beginning with listing on the first FCA-regulated Digital Securities Exchange in London (Q2-2021). In addition, we will structure the tokenomics and facilitate the issuance of the “Thorium Energy Tokens” in Switzerland – a hybrid “Utility/Payment” Token backed by 0.232 grams of Thorium energy for all economic transactions and value exchange over The Thorium Network blockchain-powered infrastructure.
Register to receive regular updates about the project on The Thorium Network website: