As of autumn 2017, assets under management by the hedge fund industry were estimated at $2.5 tln.
SPINDLE, which plans to connect cryptocurrency hedge funds and users easily and on an equitable level, successfully completed a private sale earlier this year, centered predominantly in Japan.
The investment matchmaking platform now hopes to go global.
Its platform 'ZETA' will use a combination of blockchain and smart contract technologies to create an environment where information on investment opportunities is delivered with "Utmost transparency," enabling investors to directly communicate with fund managers and make confident decisions based on reliable information.
Cryptocurrency funds are also being given the opportunity to join for free.
This system would be complemented by a "Trustless follow trading system" where an investor can pay to emulate another user's investment strategies without the need to entrust assets operating on outsource.
The project argues that current mechanisms used by credit referencing agencies no longer guarantee fairness and says its solution would be "Independent of specific individuals, companies and countries." Objective transaction data gathered from ZETA-2, as well as ratings between users, will create "Fair and adequate scoring" - enabling users to receive a "Real assessment of economic freedom." From here, users will be able to borrow and lend SPD tokens, and those with higher scores will be able to enjoy "Active, more challenging investments."
Finally, SPINDLE hopes that the fourth and final stage of credit autonomy will be achieved towards the end of 2019.The project is headed by hedge fund veteran Masamitsu Hirai.
Over the course of his career, Hirai has worked as a fund manager and adviser at Funai Soken Holdings Inc, head of derivatives at a Malaysian hedge fund, and CEO of an independent investment management company in Japan.
While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.
Japanese Investment Matchmaking Platform To Make Humans 'Financially Autonomous'
Published on May 7, 2018
by Cointele | Published on Coinage
Coinage
Recent News
View All
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.