French investment bank and M&A advisor Avolta Partners has launched Volta ICO Syndicate, which would allow traditional investors to participate in pre-ICO token sales. The company envisions the service as part of a future suite of offerings within the crypto-economy sector.
In an announcement, Avolta Partners stated that it has built a “network of contractors, consultants and partners specializing in crypto-economy,” which allows the investors to get access to the most sought-after token sales that happen at the pre-ICO stage. It has also come up with “specific scoring methods have been defined to ensure quality and rationality in the selection of ICOs.”
For investors, the entry ticket to join Volta ICO Syndicate is €50,000 with a three-month lock-up period, meaning that they'd not be allowed to sell the obtained tokens within this time period.
"In the near future, we shall launch new financial products which are more suited to private investors,” said Philippe Rodriguez, co-founder and Managing Partner of Avolta Partners. “Our ambition is to democratize access to the crypto-asset market while developing offers that guarantee maximum liquidity and security for our customers.”
As an example of an offering its investors would have access to, Avolta Partners brought up the private token sale by Telegram. With €15 million syndicated and invested in the offering, the company claims to be the only French investment bank to have gained access to it.