Proxima Media, which was founded by Hollywood producer Ryan Kavanaugh, has raised $100 million for a token that allows fractional ownership of film, television, music and other IP-driven content. Proxicoin, built on the Ethereum blockchain, has received the backing from VC firms Step Ventures and the Central Wealth Investment Fund of Hong Kong. It is fully audited and a deal has been signed with the Fusang Exchange. Proxicoin will be among the first security tokens to be listed and traded on its platform. “This is a game-changing moment for the entertainment industry. Proxicoin makes a highly sought-after financial product available to many individual and smaller investors. Film, as an asset class, is traditionally uncorrelated to capital markets and has been a competitive

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