Credit Suisse's Ex-Digital Chief Launched Blockchain-Based Investment Platform
- Tend will allow people to share ownership of physical assets.
The former digital chief of Credit Suisse, Marco Abel, has launched a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based investment platform, called Tend, that will allow people to share ownership of "experiential" assets such as artwork or a classic car.
Abel is a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term entrepreneur and has good experience with private and investment banking. In his professional career of two decades, he mostly worked with financial institutions including Credit Suisse and Deutsche Bank.
As a strategic advisor, Tend has Oliver Bussman. He is a former chief information officer at UBS and a well-known name in the investment bank's blockchain business.
The aim of Tend is to allow like-minded people to invest in particular assets of interest while diversifying their wealth. The platform will provide co-ownership of the asset to the investors using smart contracts. Along with the financial returns, the investors can also enjoy the physical asset.
For instance, if the ownership of a vineyard is shared by a certain group of people, not only can they can share the profits but they also can go and stay in the property.
Marco Abel, founder and CEO of Tend, said: “Many people today are finding that there is more value in experience than ownership and that it is about access to fine things, not just possession of them. At the same time, conventional investments have become uninteresting for the modern generation. That makes meaningful, special assets increasingly desirable and hence valuable. TEND was born out of the opportunities presented by these two trends.”
In reference to Oliver Bussman, Abel said: “I am delighted to have a like-minded digital thought leader of Oliver’s caliber joining TEND. We both share the drive to push the boundaries of what is possible by utilizing blockchain technology, and the TEND team looks forward to working closely together with Oliver as we continue to turn our vision into reality.”
With this venture, Able is targeting the 350 million people globally whose worth is between £100,000 and £1 million. According to Able, this group is often overlooked by the private banks but also underserved by retail banks.
With the Alpha version of the platform ready, Tend is launching a pilot project with the aim to have 100 customers by next spring and 400 by August 2018.
So far, Abel has self-funded the project and is now planning for a token sale aiming to raise £22.5 million.
Abel said: “TEND’s forward-looking philosophy is reflected in our funding strategy. Token generating events are, we are convinced, the future of financing innovative new ventures like ours. We are very happy to be spearheading these developments.”
The former digital chief of Credit Suisse, Marco Abel, has launched a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based investment platform, called Tend, that will allow people to share ownership of "experiential" assets such as artwork or a classic car.
Abel is a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term entrepreneur and has good experience with private and investment banking. In his professional career of two decades, he mostly worked with financial institutions including Credit Suisse and Deutsche Bank.
As a strategic advisor, Tend has Oliver Bussman. He is a former chief information officer at UBS and a well-known name in the investment bank's blockchain business.
The aim of Tend is to allow like-minded people to invest in particular assets of interest while diversifying their wealth. The platform will provide co-ownership of the asset to the investors using smart contracts. Along with the financial returns, the investors can also enjoy the physical asset.
For instance, if the ownership of a vineyard is shared by a certain group of people, not only can they can share the profits but they also can go and stay in the property.
Marco Abel, founder and CEO of Tend, said: “Many people today are finding that there is more value in experience than ownership and that it is about access to fine things, not just possession of them. At the same time, conventional investments have become uninteresting for the modern generation. That makes meaningful, special assets increasingly desirable and hence valuable. TEND was born out of the opportunities presented by these two trends.”
In reference to Oliver Bussman, Abel said: “I am delighted to have a like-minded digital thought leader of Oliver’s caliber joining TEND. We both share the drive to push the boundaries of what is possible by utilizing blockchain technology, and the TEND team looks forward to working closely together with Oliver as we continue to turn our vision into reality.”
With this venture, Able is targeting the 350 million people globally whose worth is between £100,000 and £1 million. According to Able, this group is often overlooked by the private banks but also underserved by retail banks.
With the Alpha version of the platform ready, Tend is launching a pilot project with the aim to have 100 customers by next spring and 400 by August 2018.
So far, Abel has self-funded the project and is now planning for a token sale aiming to raise £22.5 million.
Abel said: “TEND’s forward-looking philosophy is reflected in our funding strategy. Token generating events are, we are convinced, the future of financing innovative new ventures like ours. We are very happy to be spearheading these developments.”