Zichain takes a leading role in creating a cryptocurrency asset management industry for private and institutional investors, combining best practices of traditional financial world with innovative technologies. We are developing an ecosystem comprised of several key products: a platform for starting and managing investment funds, news and market data provider with a marketplace for asset managers, and index funds based on a family of our own cryptocurrency indices. At the moment, there are many decent projects that have released products or at least a prototype.
However, all of them only specialize in a small part of investment process. Unlike competitors, Zichain develops a full-fledged ecosystem that opens access to financial infrastructure for investors and managers in one place. As for products and process optimization, we rely upon many years of our experience and best practices of the traditional financial world in order to lay the ground for future development of the crypto asset management industry.
We can see immense potential in the use of blockchain technologies, and in cryptocurrencies in particular. A new wave of the technological revolution will be based on artificial intelligence, machine learning and blockchain. The latter will automate many processes and make them safe, transparent and reliable.
In the financial industry, blockchain technologies and the cryptocurrencies have been subjects of heated debates over the last few years. Today, they are seen as revolutionary innovations that can change the basics of the modern world economy. Rapid technological progress provided universal access to information and brought on globalization, but it failed to provide global prosperity. The widespread use of blockchain and cryptocurrencies will open the economy to millions of people who do not have access to traditional financial instruments or even do not have a bank account. It will completely transform the way they live and manage their finances letting them to make payments, manage their properties and receive loans.
Despite the rapid growth of cryptocurrencies, the digital asset management industry lags far behind the growth rates of the broader market. According to Autonomous NEXT estimates, there are from US$3.5 to US$5 billion of assets under management in the cryptocurrency market. This figure includes the funds of more than 220 hedge funds that invest in cryptocurrencies, asset management platforms, such as ICONOMI, as well as funds built on blockchain (Token-as-a-Service, Crypto20, TokenFund, and others)
The digital asset management industry is just beginning to emerge. The proportion of assets under management relative to the capitalization of the entire cryptocurrency market is negligible (about 1%). If we draw a parallel with the classical financial market, the volume of digital assets under management should grow 30-40 times the current number