Blackmoon Financial Group has announced many partnerships with reputable firms in hope of creating exchange traded indexes (ETx).
Blackmoon Financial Group has plans to create exchange traded indexes (ETx). These ETx’s will track the performance of a multitude of produces, services, and sentiments of the firms they are partnering with.
As per the announcement, Blackmoon will be working with firms including Plato Technologies Inc., Dr. Werner & Partner, Jarvis International, Rivver, FintechSauce, and Daneel.io.
Daneel, for example, has already created a successful sentiment API which will provide a foundational element for Blackmoon’s ETx. This will allow investors to invest in the hype (or lack thereof) for a cryptocurrency or set of cryptocurrencies.
Dr. Werner & Partner commented on the announcement as having the potential to expand the security token offering space as well. Philipp Sauerborn, a senior employee of the firm, commented:
“The partnership with Blackmoon will enable us to extend our (already advanced) crypto advisory services with security token offerings. The amount of interest for that sector is overwhelming and together with Blackmoon we will provide a state-of-the-art-service, that will enable the right client to launch an STO from A-Z.”
Blackmoon’s ETx’s will run on blockchain technology. The company is offering investors a fungible, financial product to arbitrage for profit. They are creating a stable price with their index by adding bigs and offers that would not exist with a regular STO.
The ETx is expected to develop further in the coming months, but don’t expect it to be released until late 2019.
Are ETx’s a fundamentally good idea? Will they be prone to a speculative frenzy upon release? Let us know your thoughts in the comments.
Image courtesy of Blackmoon Financial Group.