"You're going to have bitcoiners owning stakes in septic tank companies."
If early bitcoin entrepreneur Charlie Shrem's newest venture (his first since his release from prison earlier this year) goes to plan, the results could offer new – and unusual – ways for digital currency users to invest.
Called Intellisys Capital, the startup (co-founded by CEO Jason Granger) intends to offer a private equity investment portfolio in which tokens representing shares in a portfolio of "middle market companies" are issued on the ethereum blockchain.
Announced at CoinDesk On Tap in New York today, the venture is Shrem's first since his first startup BitInstant shut down amid regulatory concerns.
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