Blackmoon Financial Group, a US financial technology and investment management company with Russian roots, today announced the launch of a Blockchain-based platform for tokenized vehicles.
The Blackmoon Crypto platform presents itself as “a one-stop solution for asset managers to create and manage legally compliant tokenized funds.” From technology and infrastructure to legal framework and corporate structuring, Blackmoon Crypto takes care of everything, allowing “any experienced and approved investment manager to create a fund.”
The platform and its tokens are based on the Ethereum blockchain. Blackmoon Crypto, the holding company, is responsible for IT, compliance, licensing, and banks partnerships. It also issues the main tokens.
Bridging the fiat and crypto worlds
While the majority of tokenized investment vehicles are either fully crypto-oriented or pegged to a tradable asset — like the US dollar or gold — Blackmoon Crypto also provides access to fiat investment opportunities. Thus the platform claims to combine all the benefits of the crypto universe, including decentralization, transparency, and exchangeability with maximized diversification in terms of income sources.
What’s more, the cost-efficient structure of tokenized funds provide investors with higher net return. “Tokenized funds are more cost-efficient thanks to lower infrastructure and setup costs,” notes Sergey Vasin, Chief Investment Officer of Blackmoon.
“Setting up the proper investment structure is a costly endeavour. Not all tokenized funds set up a proper structure, which leads to greater regulatory risk for investors,” Oleg Seydak, CEO of Blackmoon Financial Group explained. “Now is the time to introduce the industry standard for setting up tokenized investment vehicles that can attract investments from private individuals and institutional investors of any kind. That’s what the Blackmoon Crypto platform does; it pays attention to regulatory risk and bridges the gap between the fiat and crypto worlds.”
As tokenized investment vehicles are springing up across the world, Blackmoon Crypto is not the only platform of its kind. Conomi and Melonport its two closest competitor. Waves, another platform with Russian roots, has got notable traction recently, but is “far from our business model,” said Seydak in an exchange with East-West Digital News.
Flexible regulation wanted
Asked about where and how Blackmoon intends to reach its targets, Seydak said: “We are going to contact with professional asset managers in crypto friendly countries first. We intend to attract managers focusing on alternative investments as well as those looking for new investment tools to widen their addressable markets.”
The platform will abide by each country’s regulation. “But regulation affects our platform depending essentially on investors’ location. At first we’ll target investors from undeserved markets with more flexible regulation, providing them with an access to more advanced investment markets. Therefore we’ll look for more western managers and investors worldwide,” explained Seydak.
Blackmoon Financial Group’s initially developed an online lending marketplace, allowing institutional investors to invest in loans issued by balance sheet lenders “in a direct, scalable and a transparent way.”
The marketplace now operates in nine countries, with a cumulated transaction volume exceeding $100 million since launch in 2014 (currently $13 million monthly). The company, which has offices in Moscow, Limassol and New York, has attracted $3.5 million in venture capital investments since 2015.
