With the use of blockchain and smart contract technology, iSTOX enables the tokenisation and fractionalisation of securities and in this case, units in the unicorn fund.
The ICHAM Unicorn Opportunity Fund will invest in unicorns by buying equity from existing shareholders in the secondary market. The fund has an initial charter period of four years. Thereafter, the ICHAM board of directors can extend the fund for up to two years. Investors who have subscribed to the fund will also have access to the proprietary exchange iSTOX has built to allow the secondary buying and selling of securities among the fund's investors.