The CEO of Virtuse, Ras Vasilisin, spoke at Blockfest Asia 2018 in Kuala Lumpur on tokenization and the need to remove barriers to entry for the $300 trillion global investment market.
SINGAPORE, Oct. 4, 2018 /PRNewswire/ — Virtuse Exchange recently co-sponsored Blockfest Asia 2018 in Kuala Lumpur and CEO and Founder of Rastislav Vasilisin spoke on a panel concerning the next-generation exchange and a call to action to for the people all over the world to break down barriers and join the global investment community. The event took place at the Shangri-La Hotel on September 27, 2018.
“We are dealing with a broken financial system that allows the wealthy to accrue money in ways that are not available to the common person. Euphemistically named policies like Investor Protection to provide some desirable results like greater transparency in investing — but are used to keep the best investment options beyond exchange-listed securities away from most people and exclusively in the hands of Accredited Investors,” Vasilisin said. “The mission behind Virtuse Exchange is to break down those barriers and let everyone participate in global markets at any level of investment without having to pay intermediaries. We believe the average consumer is smart enough to invest their money in any way they see fit, and through our pairing of traditional and crypto assets and on-platform tokenization Virtuse is making that possible for everyone.”
Accredited investors are able to invest in unregulated securities and access higher risk/higher return investments, such as Oil & Gas, Gold Markets, startups, hedge funds, private equity, venture capital, and private real estate funds. In the U.S., Accredited Investors need to have a net worth exceeding $1 million with two consecutive years of earning over $200,000. In 2015, U.S. regulations were amended to allow people who have worked in investments and demonstrate understanding to become Accredited Investors, but the same year research by Early Investing showed that only 3% of U.S. citizens meet that criteria.
The Virtuse next-generation exchange will allow all users to create and trade their own financial instruments and invest freely with no expensive intermediaries. At launch, the Virtuse Exchange will offer users the pairing of crypto and traditional assets, like Bitcoin/Gold, and in phase II will enable the “tokenization” of assets and the creation of DACTs, or Digital Asset Collateralized Tokens, which combine the best aspects of digital and real-world investment.
By creating DACTS, users with no technical experience will be able to tokenize traditional assets with a tangible value such as an equity, bond, commodity, and future. The DACT will represent ownership of that asset but will reside in the Ethereum Blockchain-based Virtuse ecosystem, making traditional investments accessible to all users by eliminating middlemen and associated fees and breaking down antiquated barriers to entry in these markets.
According to Deutsche Bank, global financial assets represent 300 trillion-dollar market, which is roughly 1,000 times larger than the crypto assets market.
About Virtuse Exchange
Virtuse Group was founded in 2006 with the vision of transforming global emissions and renewable energy markets in Europe. By 2010, Virtuse Group had become one of the largest emission brokers in Europe and China.
Virtuse Group wanted to bridge the gap between the old, centralized and new decentralized financial markets — and create something that’s new, dynamic, diverse, and different.
The group is now launching Virtuse Exchange in Singapore — a next-generation cryptocurrency exchange for all investors to invest and trade a wide range of assets classes that are secured against real-world assets. Virtuse Exchange bridges the gap between the cryptocurrency market and the $300 trillion global financial market on a single exchange. Virtuse Exchange is the most fluid, secure, and inclusive exchange built on the blockchain, poised to democratize your access to capital markets.
The article can be found also on Virtuse Exchange Medium profile.