Swiss blockchain company, DECENT, announced today a new partnership with bardicredit, a company working to be one of the first EU-approved investment funds running on blockchain. Bardicredit aims to be the first EU-approved tokenized investment fund. To help bardicredit achieve this goal, DECENT will provide its advanced, proprietary blockchain platform, DCore.
The fund’s plan is to invest in commercial blockchain applications powered by DECENT’s blockchain protocol, DCore. Bardicredit will implement tokenization to enable investors to hold even a small and tradable stake in the fund.
“Tokenization is transforming the investment fund industry. Traditionally, alternative asset funds such as venture capital and private equities were inaccessible to investors beyond the ultra-high-net-worth individuals due to a long lock-up period. Now, through tokenized investment funds, investors can sell the tokens on the secondary market at any time, instead of waiting 7 to 10 years for their investment returns.”
Before bardicredit, George Salapa worked in consulting (PwC) and banking (Sberbank), co-founded a startup and contributed as a guest writer for Forbes.
Commercial Blockchain Applications
With the public being constantly exposed to the emerging power of blockchain and its real-world use cases, bardicredit aims to use the innovative technology of DCore in a variety of no-nonsense blockchain commercial applications. The company also believes that DCore is a great fit for standalone ventures and blockchain-ready technology companies that can be elevated through blockchain via “Blockchain-as-a-Service”.
Utilizing “Reverse ICO”
Bardicredit will also invest in ‘on-demand’ companies in the sharing economy space. For these “UBER-like” businesses, the model of internal tokenization will function as an enabler of frictionless payments for their customers and a means to raise additional capital. The company, therefore, postulates that a phenomenon called a “reverse ICO” will enable many viable start-ups in the ‘on-demand’ economy (providing consumers with immediate access to goods and services) to flourish.
Reverse ICOs are a crowdsourcing method where already existing, real-world businesses raise funds as they launch their own cryptocurrency. Investors deem this form of funding much safer than regular ICOs and are more inclined to participate since the companies they are investing in have already established viable products, gaining the trust of investors worldwide.
As for the fund structure, bardicredit established themselves in Switzerland and Liechtenstein due to their strict, but progressive regulations. The aim is to combine the safety and investment certainty offered by these countries with an added layer of revolutionary technology enabled by tokenization. Currently, bardicredit is holding an equity round for Q1 of 2019.