JSE-LISTED SABVEST ACQUIRES 30% INTEREST IN REVIX
The Revix platform offers passive investment exposure to cryptocurrencies
JSE-listed investment group Sabvest announces its 30% investment in Revix, a digital assets platform offering diversified cryptocurrency bundles similar to index funds prevalent in mainstream investing.
The funding will be used to refine the platform’s technology suite, springboard the company onto the global stage, and to educate investors about the benefits of a diversified exposure in cryptocurrencies – not just Bitcoin or Ethereum alone – within an investment portfolio.
The stake in Revix coincides with growing appetite for cryptocurrencies. The ING International Survey on Mobile Banking released in June 2018, estimates that on average, 9% of Europeans own cryptocurrency, while in Turkey this figure is as high as 18%. As adoption rates increase, so does demand for secure, less complicated and less risky ways to access this asset class.
“For most investors, if you’re looking to gain exposure to any asset class it makes sense to hold a diversified basket of assets within that class. Revix is applying this same principle to a nascent and dynamic industry,” comments Chris Seabrooke, Sabvest CEO.
Seabrooke states: “We have invested in a number of tech-focused companies over the years, including a global leader in distributed ledger technology, on which blockchain is based, so we’re familiar with developments in this field. We believe that the digital asset ecosystem has significant growth potential in our increasingly digitised world.”
“No one can predict which currencies will gain traction, and which will fall away. Typically, investors tend to be over-concentrated in Bitcoin, which is only one part of the growth story. The time is right for a passive investment product, which is similar to an exchange traded fund, which is regularly rebalanced and comes with lower investment fees. ” says Sean Sanders, Co-founder of Revix.
The Revix platform gives the investor exposure to over 80% of the cryptocurrency market through a portfolio or ‘bundle’ of the top 10 cryptocurrencies. Investors can invest as little as R500, which makes this platform attractive to the everyday investor. Revix offers four bundles that have each outperformed an investment in Bitcoin alone on an annualised basis over the last three years.
“Our bundles are aimed at investors who are interested in cryptocurrencies, but don’t have the time or inclination to research every opportunity, work out the technicalities of investing, or properly understand the challenges of holding their own crypto assets,” says Louis Buys, the second Co-founder of Revix.
Revix uses proprietary technology to plug into global exchanges, with a smart pricing algorithm seeking out the best available pricing for investors on reputable exchanges. “Typically, by connecting with global, liquid markets and using technology, we can get better prices than what has otherwise been available to local investors,” adds Buys.
For South African investors, cryptocurrencies provide another rand-hedging possibility. After launching in South Africa as a test market, Revix plans to expand into Europe and the UK followed by Australia and New Zealand.
Seabrooke believes the time is right for a better investor platform for cryptocurrencies: “We’ve seen the irresponsible gambling-esque approach to cryptocurrencies a few times now. It’s about time we take a different, more sensible approach to this asset class.”
Revix is a digital asset management platform which provides the tools for investors to intelligently manage their own diversified portfolio of digital assets. Using proprietary Bundling Technology and Smart Portfolio Management software, Revix makes it safe and simple to invest over the long term in a diversified reputable basket of cryptocurrencies. Revix is incorporated in the UK and has ambitions to expand into several regions over the coming months.
For more information visit: www.revix.com
Sabvest is an investment group which has been listed on the JSE since 1988. Sabvest has significant interests in five unlisted industrial groups, long-term direct and indirect holdings in eight listed investments and equity funds, and offshore share, bond and cash portfolios. In addition, Sabvest invests in debt instruments and portfolios and undertakes other fee and profit-earning activities from time to time.
For more information visit: http://www.sabvest.com