Blackmoon Financial Group, a blockchain Financial Service and Fintech firm, and BLOCK 30 Financial (a wholly owned subsidiary of BLOCK 30 Labs), today announced that they have formed a global strategic partnership to create a BLOCK branded suite of Exchange Traded Index (ETX) products on the Blackmoon platform.
The new relationship between Blackmoon and BLOCK 30 will enable the two blockchain and FinTech financial services firms to work very closely together to create an ETX that tracks thirty of the top digital assets in one digital asset basket for global investors.
Introducing Blackmoon’s Exchange Traded Indexes (ETx)
“BLOCK 30 Financial is thrilled to partner with the Blackmoon team to expand our reach to global investors,” said Brian Foote, CEO of BLOCK 30 Labs + BLOCK 30 Financial. “We’ll start first with the BLOCK 30 Index ETX and move quickly across a variety of BLOCK indexes across multiple asset classes, in this unique tokenized, digital format.”
“We did 16 months of due diligence around cornerstone global partner selection for the BLOCK 30 Index ETX launch and we just came away feeling like the financial engineering and product agility at Blackmoon is literally years ahead of the traditional markets,” Foote said. “We’re honored to partner with them.”
“Blackmoon and BLOCK 30 Labs share a vision and it’s because of this that we are pleased to have discovered such an incredible organization to associate with…We are eager to release the BLOCK ETX products as soon as possible to offer this amazing investment opportunity to eligible investors globally,” said Oleg Seydak, CEO of Blackmoon
“Whether its tokenizing the Lyft IPO for investors outside of Silicon Valley or challenging the ‘yet another Mutual Fund mindset’ of Wall Street, Blackmoon is exactly where we wanted to be in terms of offering new financial products for global Millenials + Gen Z,” said Jeff Hinshaw, COO of BLOCK 30 Financial.
“57% of customers around the world are not investing in the markets right now. They’re tuning out on white collar fee loads, product redundancy and a lack of imagination in the financial markets…Blackmoon is paving a new way forward with Exchange Traded Index (ETX) products and we wanted to work with them to deliver that for millions of potential customers around the world.”
SOURCE Blackmoon and BLOCK 30