Institutional investors and hedge fund managers will now be able to buy and trade cryptocurrency with ease, following the launch of an innovative trading interface, Blockchain Terminal (BCT), with leadership that includes Wall Street veteran Bob Bonomo, who has served as the Chief Information Officer for two of the United States’ largest asset management firms.
Created to respond to a direct demand for cryptocurrency trading – with risk management and compliance delivered through state-of-the-art technology – BCT combines the resources that analysts, portfolio managers, traders, and compliance officers require to effectively manage their positions.
BCT provides instant access to critical information, using large screens furnished with USB ports to access hardware wallets.
As Bob Bonomo points out: “ With more and more Initial Coin Offerings and cryptocurrencies gaining prominence, institutional investors are increasingly adopting this alternative asset class, however there are no dedicated and flexible tools to support this.
“We spent three years developing a piece of the underlying technology around compliance, and the feedback confirmed that BCT can truly rewire how investors and fund managers trade,” Bonomo added.
BCT is founded on ComplianceGuard technology, pre-installed on every terminal and designed to exceed the most robust hedge fund industry compliance requirements wherever possible. The ledgers utilise two blockchains almost simultaneously.
Using a token-based payment system, all transactions are me-stamped and aggregated on the global blockchain, meaning audits can be conducted immediately from anywhere in the world. Accompanying documentation is also preserved to prevent tampering.
Oz Sultan, Executive Vice-President of BCT added: “We look forward to BCT being present across key financial centres to cater to the burgeoning segment of professional and institutional investors who continue to increase their exposure to blockchain and cryptocurrency based assets.”
Quantifying the pace of that demand, the BarclayHedge October 2017 survey showed that one out of four investment managers were already invested in crypto or planned to be within six months, while a further 8% were exploring the asset class. Other sources estimate there are more than 225 managed crypto funds with an aggregate of approximately US$5 billion of assets under management.
BCT Incs pre-sale of tokens has commenced, allowing early contributors and adopters to get a head start.
With a significant raise coming from the Private Pre-Sale, BCT Inc is now talking to potential participants in the UK, Dubai and Singapore.