Osprey Funds Investor Product Series II: Algorand
We’re focusing on building funds around breakthrough technologies.
The Osprey Algorand Trust is an example of that.
Today, we publish the second installment of the Osprey Funds Investor Product Series titled Algorand: Blockchain for the Future of Finance. Here’s a preview quote:
Algorand (ALGO) aims to accelerate the convergence of decentralized (DeFi) and traditional finance.
It was founded in 2017 by Turing Award winner and MIT professor, Silvio Micali, who spent 4 decades researching the areas of computer science, zero knowledge, and cryptography.
The Algorand project focuses on enabling the next generation of financial products, protocols and exchange of value, spanning Decentralized Finance (DeFi), Institutional Finance, and Central Bank Digital Currencies (CBDCs).
Algorand built the first pure proof-of-stake foundational blockchain with the intention of providing a rapid, safe, and secure way of scaling transactions.
You can download the paper via the button below.