How does Hashgard reform the asset management industry?（Part II）
In the last article, we talked about an application of Hashgard public chain — -decentralized fund.
Today, we will talk what decentralized fund can be released on Hashgard public chain and when to release?
Vision
In the current phase, limited by Blockchain performance, some decentralized funds are not suitable to be put on the chain. Some funds that are less operated can be used in blockchain industry.
Index Fund is one of them.
An index fund is a type of mutual fund with a portfolio constructed to match or track the components of a financial market index, such as the Standard & Poor’s 500 Index (S&P 500). An index mutual fund is said to provide broad market exposure, low operating expenses and low portfolio turnover. These funds follow their benchmark index no matter the state of the markets.
For example, bitcoin ETF is a typical index fund. Why don’t we consider the decentralized bitcoin ETF since the centralized bitcoin ETF has been refused so many times.
Compared to quant fund, Index Fund is operated on a lower rate and has a lower demand for the performance of blockchain, which means it is suitable to be implemented through smart contract.
In the future, we can release a decentralized index fund portfolio on Hashgard. For example, we can combine BTC, ETH, EOS, BCH, LTC and GARD together and track the as a portfolio.
More and more fund products will be on chain with the development of blockchain performance. Decentralized fund is just a step away.
What can you do with decentralized fund on Hashgard public chain
For example:
SC fund is a overseas digital asset fund. They release a fund product to investors with 100 million of asset to manage. Based on the historical records, investors can get 10% interest annually. In the next six months, investors can trade interests with SC. Now SC fund release a certificate on Hashgard.
The following is the procedure of SC fund.
- Visit Hashgard official website (www.hashgard.io), click wallet and enter GARDBOX】
2. Register the wallet and get test Token
3. Issue a certificate belonging to SC fund and set it as SC
4. Investors will trade this SC as the certificate with revenue
5. Next, SC fund will inject SC into the forward payment agreement and the certificate issuance process is completed. In the next 6 months, the system will automatically transfer the SC into the investor’s account.
Issuance of decentralized fund certificate is just a small step. Hashgard will support more decentralized fund product.
