Blockchain fintech company, Blackmoon, announced on Monday it has formed a new partnership with FintechSauce Investment Advisory, a group of industry professionals whose goal is to build a more efficient, transparent, and liquid capital market to power the innovation economy, to create a branded Exchange Traded Index (ETx). According to Blackmoon, the partnership will enable the two financial services firms to work very closely together to create a showcase of backtested ETx’s that track FintechSauce’s offerings.
“Blockchain technology may be a better alternative to raise capital from investors. However, price discovery and trading liquidity also require the inclusion of speculators. The ETx that Blackmoon issues on behalf of its partners’ brands incentivise traders and speculators to take the risk in the market, by offering them a fungible financial product to arbitrage for profit – further adding bids and offers to an STO that would otherwise not exist – effectively creating a balanced and stable price.”
Speaking about the partnership, Anastasia Nizhegorodtceva, Associate Director of FintechSauce, stated:
“In order to succeed in almost any project, you need reliable partners. FintechSauce has been working closely with our clients to be the best financial advisors for them. And now, we are excited about finding the right partner for our business, Blackmoon. With their help, we are creating investment products that will bring financial success to people that believe in us.”
Moshe Joshua, Chief Product Officer at Blackmoon, added”
“Blackmoon and FintechSauce share a vision and it’s because of this that we are pleased to have discovered such an incredible organization to associate with. We are eager to release the FintechSauce ETx products as soon as possible to offer this amazing investment opportunity to eligible investors globally.”