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Crypto Investors, Keep An Eye On Blackmoon - Benzinga

Published 1 year ago

Crypto Investors, Keep An Eye On Blackmoon - Benzinga

Benzinga via benzinga.com

On Tuesday, the firm announced the launch of the Blackmoon Crypto Platform, a new way for investors to trade and invest in “tokenized vehicles” based on the Ethereum blockchain. “The Blackmoon Crypto Platform is a one-stop solution for asset managers to create and manage legally compliant tokenized funds; everything from technology and infrastructure to legal framework and corporate structuring is taken care of,” the company said in a press release. Related Link: Bitcoin Cash Is Coming: What Investors Need To Know “Our aim was to create a framework, a solution, that could be used by investment managers who have expertise and solid investment strategies to execute,” Blackmoon CEO Oleg Seydak told Benzinga. Seydak explained that the Blackmoon Crypto Platform’s investment funds will use “tokens” as a form of investment vehicle similar to shares of an ETF. By launching the platform, Blackmoon hopes to break down barriers for investors and allow fund managers to reach a broader audience. “As a common rule, we require investment managers to be experienced in managing a third-party’s money,” said Seydak. “If, for example, in the [United States] you have to have an investment advisor's license to manage other people’s money, then investment managers from the U.S. will have to have that license [to operate a fund],” said Seydak. Related Link: How To Actually Buy Bitcoin Or Ethereum Much is still unknown about the Blackmoon Crypto Platform, including what investors and fund managers will pay to use the service and what the funds will comprise of besides Ethereum. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full
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