Connect with us

Investment

A Third Investment Thesis In Crypto – Forbes

Published

 on


Given the title of this article, I should preface that this is not investment advice, but rather my observations of how the industry is evolving, and where the next opportunity lies for the mainstream adoption of this technology.

In October, I wrote about the investment themes that many funds are using to build their digital asset portfolios. Essentially, “coins” running as a core part of their blockchains fall into two distinct categories: “state-free money” (eg, Bitcoin) and the “Decentralized Internet” (eg, Ethereum). Although many coins have tried mimicking them, these are the undisputed category kings. Instead of imitating, I asked myself the question, “Is there another digital asset category that’s yet to be defined?” 

I think there is, and it’s what I call Open Applications. These are programs that put users back in control within the context of existing online markets, and are universally accessible across these platforms. Using Open Applications, developers can hook into existing platforms like Uber, Shopify, or Twitch to create new breakthrough experiences. 

Open Applications have the potential to solve the problems of closed markets. These problems are exemplified by news we’re seeing daily: Uber drivers protesting, YouTubers being demonetized and censored, Postmates riders going uninsured into busy downtown streets. 

These closed markets have various stakeholders and economic interests. They present a perfect design space for online marketplaces to solve their unique economic problems – with many of the lessons we’ve learned in crypto-economics. Ethereum is working on building a decentralized web – a worthy initiative, but one that’s probably one to two decades away from being in-market at scale – so how can we start fixing the centralized platforms society uses today?  

The solution to limitations of these closed markets lies in an open design space, where Open Applications represent a way of integrating blockchain solutions into existing centralized platforms. My assertion is that no one is focusing on this at scale, although I strongly believe it has the potential to demonstrate tangible value to society at large, and can be implemented in the short term.  

The complexity and dynamics of crypto have made this industry become too insular and unapproachable to the average person. But by going back to the fundamentals, you can identify the trends that are shaping what will become an incredibly important industry that has benefit to the general population. I believe Open Applications are a new category of digital asset that represents the future of blockchain and crypto in its ability to solve platform problems on a global scale. 

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

China proposes rules to regulate private pension investment via mutual funds – Reuters.com

Published

 on


A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files

SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension investment via mutual funds, setting the criteria for qualified products and sales agents under a scheme that will channel fresh savings into the country’s capital markets.

The draft rules, published by the China Securities Regulatory Commission (CSRC) late on Friday, came after Beijing in April launched a milestone private pension scheme to tackle challenges of aging population. read more

Under the scheme, eligible Chinese citizens can buy mutual funds, savings deposits and insurance products via their own individual pension accounts, potentially boosting a pension market that has lured foreign asset managers including Fidelity International and BlackRock.

The proposed rules “have set a relatively high bar for products and institutions, and are designed to ensure safety of pension fund investment and protect investors’ interest,” the CSRC said in a statement on its website.

Initially, pension target funds with at least 50 million yuan ($7.48 million) of assets over the past four quarters are eligible under the pilot pension scheme, the CSRC said.

Other types of retail funds with clear investment strategies and good long-term track records will be gradually added to the eligibility list as the scheme expands, the CSRC said.

Currently, there are 91 pension target funds that meet the CSRC’s criteria, according to TF Securities.

In addition, fund managers and sales agents participating in private pension business must set up internal control systems, adopt long-term incentives, and ensure independent operation of the pension assets, according to the rules.

Independent consultancies estimate China’s private pension market will grow to at least $1.7 trillion by 2025, from $300 billion currently.

In 20 years, 28% of China’s population will be more than 60 years old, up from 10% today, making it one of the most rapidly-aging populations in the world, according to the World Health Organization.

($1 = 6.6878 Chinese yuan renminbi)

Reporting by Samuel Shen and Brenda Goh
Editing by Nick Zieminski

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)



Source link

Continue Reading

Investment

Not gold or bank FD, Jefferies finds this asset as top investment by Indians | Mint – Mint

Published

 on


Amid soaring inflation and slowdown worries, investors are busy finding out save haven for their money. While some are batting in favour of gold, some investors are favouring debt instruments for short term like bank fixed deposits (FDs) and other deposits. But, if we go by the Jefferies findings, around half of the Indian household savings in March 2022 has been invested in real estate properties whereas bank deposits and gold are distant second and third most preferred asset investment options among Indian households.

As per the Jefferies findings, out of $ 10.7 trillion Indian households assets in March 2022, whopping 49.4 per cent have been invested in real estate properties whereas 15.10 per cent went to band deposits 15 per cent of the Indian households savings were invested in gold. Impact of Covid-19 pandemic was also visible in this Jefferies report as Indian households invested 6.20 per cent of their net savings in insurance funds and it was fourth most preferred investment option by Indians.

View Full Image

Photo: Courtesy Jefferies

Provident funds and pension is at 5th spot after receiving 5.70 per cent of $10.70 trillion Indian households savings in March 2022. Despite heavy FIIs selling at Indian equity markets, DIIs have remained net buyers since October 2021. However, in Jefferies report, equities has received 4.80 per cent of the net Indian households savings in March 2022 and it is 6th most preferred investment option among Indians. As Indian households has a habit of keeping some part of its savings in liquid form. 

Jefferies report has a mention about it as well. As per the Jefferies findings, 3.50 per cent of the net Indian households savings in this period has gone to cash or liquid segment and it an obvious least preferred option among the Indian households.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Adblock test (Why?)



Source link

Continue Reading

Investment

HomeFirst Home Healthcare secures investment from Fulcrum – PE Hub

Published

 on


Harpeth Ventures also participated in the investment.




.blzbtn
display: inline-block;
font-size: 18px;
line-height: 26px;
font-weight: 500;
padding: 8px 15px;
text-transform: uppercase;
width: 40%;
margin: 3px;
min-width: 50px;
background-color: #F47920;
color: #ffffff;
text-decoration: none;
text-align: center;

@media (max-width: 1018px)
.paywall .blzbtn
display: block;
width: 100%;
margin-bottom: 13px;

.blzbtn:hover
background-color: #e58100;
text-decoration: none !important;

To read this article, you need to sign in.

You should only be asked to sign in once. Not the case? Click here


New to PE Hub?

Register now to read this article and more for free.

Adblock test (Why?)



Source link

Continue Reading

Trending