Blackmoon Financial Creates Platform for Crypto Vehicles

FinTech, Innovation, Investing, News, Regulation | September 7, 2017 By:

Blackmoon Financial Group has created a new investment platform, Blackmoon Crypto, that allows users to create investment vehicles based on digital tokens.

The firm, backed by venture capital from Target Global, AN&N Investments, and Flint Capital, operates in nine countries and does over $100 million in deal volume. Its recent pre-ICO sale for the new fund raised $10 million, with the official start of the ICO set for Sept. 12.

Asset managers can create what Blackmoon calls “legally compliant tokenized funds” through the service, covering everything from technology through the legal requirements. The platform uses ethereum and the Waves blockchain.

Blackmoon is led by Oleg Seydak ad Ilya Perekopsky. “Setting up the proper investment structure is a costly endeavour. Not all tokenized funds do this, which leads to greater regulatory risk for investors,” said Seydak. “That’s what the Blackmoon Crypto platform does; it pays attention to regulatory risk and bridges the gap between the fiat and crypto worlds.”

“Tokenized funds are more cost-efficient thanks to lower infrastructure and setup costs,” added Sergey Vasin, Chief Investment Officer of Blackmoon. “This economy is transmitted to investors in the form of higher net return. The cherry on top is that, fund tokens are also immediately tradable.”