Topic: What’s the difference between GLOBCOIN and simple asset management? (Read 47 times)

Answer from their CEO on their blog:


«It is true that currency baskets could theoretically be traded by asset management companies, but the analogy ends there.

There is no product proposed by asset management industry that offers the possibility of a currency that mirrors the world economy. Why? because Foreign Exchange market structure and pricing is adapted for large amounts.

If you can name just one product from an asset management doing this, and we’ll send you a huge box of swiss chocolate! We used to run a currency management company within one of the largest asset management structure (A 20B USD business) and we knew that offering such a product for individuals would be just impossible.

That’s where Blockchain and tokenization comes in. We are able to make it digital and for very small amounts while it is still liquid, cheap, easily accessible and safe.

Beyond the price and the amounts, these are some of the benefits of GLOBCOIN compared to asset management:

- The tokens of GLOBCOIN will be listed on exchanges 24/24–7/7. Try to buy or sell a Fund or an ETF on a Sunday afternoon or even at 8.00 pm on weekdays!

- Regulations : Asset management funds have very restrictive regulations that vary from one country to the other ! this also increases costs. Think of Brexit and that famous passport…

- Very few asset managers offer pure currency products. They mostly offer equity or debt related instruments. Some hedge funds did offer pure FX products but with a speculative objective that we do not share.

Central Banks are creating this kind of baskets to manage their reserves, but only for big amounts.

Isn’t it quite disruptive to offer the “man of the street” to behave like a Central Bank at a tiny cost ?»