Friday 25 May 2018

Asset Management Hashgard receives distributed capital, BKFUND and other tens of millions of US dollars in strategic investment


Editor's note: This article comes from the 36- inch strategic cooperation blockchain media " Odaily Planet Daily " (public ID: o-daily, APP download )

Odaily Planet Daily was informed that “Hashgard” has  obtained tens of millions of US dollars in strategic investment, led by distributed capital, BKFUND, and more than 50 institutions such as Peak Capital, Return Fund, Node Capital and Scry.Info Foundation.

The second half of 2017 is the hottest time for China's digital currency funds. Fund companies can even earn 10 times in three to five years. According to Autonomous Next's February statistics, there are more than 230 hedge funds for cryptocurrencies, which have risen more than 5 times year-on-year and total assets under management exceed US$5 billion.

There is also a huge risk behind crazy profits. The cryptocurrency fund market is a blank in terms of asset security, asset delivery, fundraising and internal collaboration. Bitcoin price dips at the beginning of this year led to a loss of up to 23% in the first two months of the year for major cryptocurrency hedge funds. The management of digital asset funds has become a new focus.

"Hashgard" was established in March this year. It is a distributed asset management agreement and a vertical public chain vertical to the digital asset management field. It will include data-chaining, asset management autonomous organization, intelligent contract system customized for asset management, etc. The function provides solutions for the digital asset fund's service processes such as issuance, management, custody, settlement, and auditing.

In terms of underlying technologies, "Hashgard" will develop a distributed ledger technical system that supports cross-chain interactions, including distributed network technologies, consensus mechanisms, smart contracts, application layer interfaces, etc., as well as decentralized data storage and decentralized assets. Ecological partners such as trusteeship and decentralized asset distribution provide low-level interfaces.

In terms of risk control for fund investors, “Hashgard” conducts qualification review of individual investors through a rating system. In addition, it will also absorb fund managers as nodes.

Unlike Ethereum, which completely decentralizes the public chain system, “Hashgard” will make improvements in the underlying technology of the public chain by reducing the number of nodes to improve efficiency. Compared with the EOS public chain, "Hashgard" is more vertical in the field of digital asset funds and provides a smart contract system that is more in line with the digital asset fund business logic.

"Hashgard" co-founder and COO Huang Yimeng said to 36, in addition to the development of the chain, "Hashgard" another line of business is the development of services for digital asset fund management applications.

At present, the first Hashgard SAAS application has been set up and will be open beta. The software provides operation-level asset management functions. An upgraded version of Hashgard SAAS is under development. It will provide exchanges ApiKey docking, risk control management, team collaboration and other functions, similar to the "snowball of encrypted digital assets version", and is expected to go online in December this year.

The “Hashgard” public-chain system is planned to be beta tested in June next year and will carry functions such as asset issuance, asset management and asset custody.

In terms of development planning, “Hashgard” plans to establish a digital asset management financial ecosystem and connect the ecological components of the industry, such as identity authentication, forecasting markets, and reliable data verification, and build infrastructure for digital finance. It has cooperated with companies such as scry of the bottom-level development of blockchain and Irisnet, the developer of cross-chain service agreement.

The founding team of "Hashgard" includes founder Xu Chaoyi, co-founder & COO Huang Yimeng and technical director Yang Yanqing. The founding team has the background of distributed capital strategy management director, senior analyst, BKFUND founding team, and ZTE corporate agile coach . At present, the team size is about 20 people, of which about 6 people are responsible for operations and markets, and 7 people are responsible for product development and design.

Although digital asset fund management is in a huge window period, there are still some uncontrollable factors that need to be considered. For example, the relationship between the digital asset fund and the existing financial supervision system, how Token income and the income of the legal currency converge in the case of legal currency investment.

Planet Starts | Asset Management Hashgard receives distributed capital, BKFUND and other tens of millions of US dollars in strategic investment

(I am Zhang Yi, an Odaily Planet Daily reporter, to explore the real blockchain. Please contact us with ro20110723 for information and exchanges. Please kindly note the name, unit, position and cause.)

Socializer Widget By Blogger Yard
SOCIALIZE IT →
FOLLOW US →
SHARE IT →

0 comments:

Post a Comment