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The wider acceptance of blockchain and crypto has been difficult to ignore, and the financial sector has been under the spotlight over the course of last year. This is largely due to the exponential rise in ICOs which has challenged the venture capital industry in its ability to finance early stage companies and projects. While the astronomical returns delivered by some of the more successful ICOs may have been on the front pages, the hedge fund and alternative asset management industry has continued to experience its own evolution. The era of point of click traders has continued to diminish, and there has been an unprecedented rise in the inflow of money into funds that cater to more systematic, computer-powered investment strategies. The latest data compiled by HFR, a data provider, shows that the amount of money managed by quant hedge funds has nearly doubled since 2010 and is on the brink of surpassing $1tn of assets under management.
The investment industry is ripe for disruption, not only because of negative press linked to excessive fees that eat into returns, but also due to rather lacklustre performance, as well as the need to open up to a broader investor community.
The team behind DarcMatter are trying to achieve exactly that and have designed the platform to provide investors with a more transparent, and efficient process to access quality alternative investment opportunities. You are probably wondering how this is any different from looking at the investment strategies reviews in the financial press. The answer is simple: this particular online investment platform currently enables direct investment into top fund investments such as Hedge Funds, Private Equity, and Venture Capital. Until recently, all of these opportunities have been limited to those that work in the financial industry, ultra-high-net worth individuals, or those with a background in finance and investments, which allows them to pick out better strategies.
Many of the ICOs are nothing more than an idea, and while it is true that some companies that were backed by VCs were nothing short of a “dream”, the reality is that the vast majority of start-ups fail. However, in this case, the team already has a global presence with usage in over 24 different countries. The already established global reach is what prompted the team to create a platform that will utilise the latest technology that will allow it to make further progress in growing the user and investor base.
The blockchain and the capabilities of the distributed ledger have the potential to bring transparency and security into an industry that has been rife with fraud and opacity since its inception.
The distributed ledger that DarcMatter is developing has the ability to transform a multi-trillion-dollar industry from an era defined by paperwork, opacity and information asymmetry, into one that will be characterized by transparency, security and trust, in a way that has never been seen before. Some of the key characteristics of the platform are:
- Seamless cross border investment capabilities.
- Documentation tracking for multi-consensus and logging.
- Additional asset classes being seamlessly distributed through the entire investor vertical.
DarcMatter Coin (DMC) will be used for a permissioned blockchain and will use systems that run natively on the NEM blockchain. DMC will be utilized to unlock and to consummate the smart contracts for the investment completion through the DM Decentralized Infrastructure. The public sale is due to begin on May 7th 2018 or earlier based on private pre-sale with a target of $5,000,000.