Indicium is a financially driven token-issuance DAC built using PeerAssets, hosted on the Peercoin blockchain. It will form algorithmically chosen indices and baskets of cryptocurrencies and issue assets corresponding to the value of these baskets. Peercoin dividends and voting rights will be given to Indicium (IND) holders as a representation of ownership in the DAC. A federated approach will be taken, where a group of founders or a board of directors will perform managerial duties to facilitate operation.
How will the assets be collateralised?
As far as I know there is only the BitShares approach, which successfully collateralises assets but is complicated, requires too much collateral from those shorting the asset and has spreads that are too wide and liquidity that is too low.
Or there is the NuShares/NuBits approach which is able to provide tight spreads and liquidity short term but the underlying assets aren't properly collateralised and so will fail if there is even a relatively small sell-off. (As demonstrated by Nubits which are pegged to USD losing 80% of their value in June 16 and not recovering till 4 months later)