Like this video

RigoBlock

Fund Network

The world's value is becoming tokenized. We have created a solid foundation for organizing pooled tokens. We are an emerging community of traders and developers at work to lower the barriers to entry to fund management.

2.8
1 0 expert ratings
Benchy 2.8
Experts
-
-
-
View rating distribution
Unknown
More on ICO
Report

About RigoBlock

The asset management industry has been following a path of consolidation towards bigger corporate structures during the last 10 years. The hedge fund industry, in particular, has developed into a more standardized and regulated sector. High setup costs and requirements of a minimum 50 Million US Dollars or even much bigger initial Assets Under Management (AUM), automatically exclude the smaller players from the market. Reason behind such high minimum AUM requirements are high costs of providing Prime Broker services to funds: costs like Net Assets Value (NAV) estimate, collateral accounts, management company costs, legal and advisory costs. Furthermore, investment funds and management companies are in most cases no more than P.O. Boxes; by this we mean that they do not actually employ anyone, they are just offshore corporate structures.

The Ethereum protocol provides the perfect technology for creating investment vehicles on the spot, allowing subscriptions and redemptions in real time, trading on decentralized exchanges in a trust-less manner, so that no administrator or custodian is needed, allowing for a level of efficiency and transparency in the industry never seen before. One positive externality of our proposed model is that, by being agnostic of the AUM size, it is also possible it will be used as a tool to building one’s track record in order to get a job at major investment funds, hence improving visibility for traders. Either way we are to lay down the path for changing how things are done in asset management.

Bookmark
ICO KYC Report
Not conducted yet
Missing or incorrect data? Let us know.

ICOs that might interest you

4.7

GigTricks

A blockchain based ecosystem, inclined on maximizing trust in the Freelance & On-Demand...

Starts in 39 days 23 hours
4.0

Opu Labs

Opu aims to become the leading digital solutions provider for skincare measurement, man...

Starts in 35 days 11 hours
3.9

Safein

Safein is a decentralized blockchain-based identity management platform.

Starts in 9 days 12 hours
3.9

CryptoPolice

CryptoPolice is a platform that helps bring together community and technology in order ...

6 days 23 hours left