Nous Systems debuts the NFT Investment platform with a new on-chain bond offering
By Joy Dumasia
Nous Systems will supplement their fundraising strategy with a scheduled bond offering later this month. The European blockchain start-up seeks to democratise access to investment with its decentralised investment vehicle Nous Fund, which is due to launch later this year. Using smart contracts, Nous’ mission is to overcome the need for complex third-party arrangements around traditional paper contracts reducing overhead costs and protecting clients from excess risk in the process.
The global crypto asset management market in 2022 is expected to grow at a CAGR of 21.50% until 2026. While several crypto hedge funds are currently operating, they are mostly serving a centralised group of investors. Nous seeks to widen access to this exclusive investment landscape, usually limited to a few insiders.
By combining decentralised smart contract infrastructure with a collection of automated trading processes, Nous will roll out a suite of on-chain investment products and democratise access to high-level strategies usually reserved for high net worth (HNW) clients. In reflection of its commitment to accessibility, Nous also operates based on a minimum deposit of only $100.
The first of these products will take the form of a bond issuance; a set of two-year, fixed yield bonds at a return of 45% will be offered on 29th April 2022. The issuance will generate liquidity for the budding start-up as they debut their on-chain services, including arbitrage, futures trading, and hedging. The unique trust-minimised environment enabled by smart contracts reduces counterparty risk. This allows investments to be processed autonomously, on a fixed schedule, and with full transparency. Members on Nous’ whitelist will have early access to the bond offering.
Tom Stuart, CEO of Nous Systems, said: “We are thrilled to announce our bond issuance, an important step for Nous’ development of a decentralised investment platform. Improving efficiency and transparency through smart contracts is key for our commitment to accessibility and transparency, opening up the investment process to as wide an audience as possible. We are pleased to be able to offer these high-return products to our members ahead of a wider offering.”
Kristijan Zivcec, CTO of Nous Systems, added: “This on-chain bond offering will provide us with the necessary liquidity to develop and improve the world’s first hedge fund built on the blockchain. 63% of investors see a gap in the digital capabilities of asset management platforms, and utilising blockchain technology, Nous can truly transform the investment landscape into a fairer and more transparent environment. Decentralising wealth management is crucial if we are to fix the global wealth divide.”
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