Blackmoon, a blockchain fintech company, has revealed exclusively to Finance Magnates that it has taken its first steps into the United States market. Now, accredited US-based investors can participate in a private offering of the firm’s cryptocurrency strategies.
Through its platform – the Blackmoon Platform – investors in the United States now have access to six cryptocurrency strategies which are managed by proprietary-designed algorithms. Each strategy offers investors different levels of risk and returns so investors can choose a strategy based on their investment goals.
The Blackmoon Platform for tokenized vehicles, which was officially launched in March last year, enables approved investment managers to create a fund based on Ethereum technology.
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The firm also offers other investment strategies for more traditional investments such as stocks (S&P 500, iShares MSCI and Xiaomi Corporation) and one hedge fund strategy – Prime Meridian. However, at present, these investment strategies are not available in the United States.
Commenting on the development, Oleg Seydak, the CEO of Blackmoon said: “the entry into the US market is a major milestone for Blackmoon. Tokenized investment portfolios are the future of the financial industry, offering compelling advantages such as transparency, tradability, and cost efficiency. We are keen on offering the US investors a simple and effective investment product while maintaining full compliance with the securities laws of the United States.”
Blackmoon Moves to Malta
The expansion into the United States follows on the heels of the firm opening its doors in Malta. As Finance Magnates exclusively reported in September, the move to Malta comes ahead of the anticipated approval of its Category 3 Investment Services Licence issued by the Malta Financial Services Authority (MFSA).
With the license and new operations in Malta, Blackmoon aims to build a legally compliant framework to provide dealing and brokerage services. Through these services, the firm aim to safeguard clients’ assets throughout Europe and the European Economic Area under the passporting arrangement.