Asset Management Network RigoBlock Announces Ethfinex Partnership

USA - English

• USA - English

LUGANO, Switzerland, July 25, 2018 /PRNewswire/ --

RigoBlock, a decentralised asset management network based in Switzerland, has announced its collaboration with Ethfinex, a subsidiary of iFinex inc. (Bitfinex), for the integration of the RigoBlock asset management platform. The partnership has been revealed ahead of the planned release of the RigoBlock network later this year.

RigoBlock's vision is to decentralise asset management, democratising the space and opening it up to a wider range of users through use of the Ethereum network. Through collaborating with RigoBlock, Ethfinex users will be able to monitor, create and invest in decentralised token funds available on the RigoBlock network.

"Asset management has never been more accessible than with the implementation of the RigoBlock protocol," commented Will Harborne, Director of Operations at Ethfinex. "We are incredibly excited by the opportunities made possibly by RigoBlock. We have been working closely with Gabriele and the RigoBlock team to provide access to a decentralised asset management network from within our upcoming Trustless Trading Portal. The emergence of Ethereum as a disruptive force within the financial space has allowed us to reinvent the ways in which value can be captured and shared, and we're eager to build an ecosystem of added value products into Ethfinex for our users, starting with RigoBlock."

With a background in the Swiss asset management industry, RigoBlock founder Gabriele Rigo created the RigoBlock project as a way of democratising the space, bringing the industry to those who might not otherwise have been privy to it. RigoBlock is a blockchain-based protocol that makes it possible for anyone to set up and run a decentralised token pool. Together with Ethfinex, the RigoBlock project will allow users to place their funds in upcoming asset management projects, allowing those who are not familiar with the industry to take part.

"Ethfinex is something that we knew could integrate the RigoBlock platform to its full capability," Rigo said. "After the success of its parent business, Bitfinex, and seeing the number of great ERC20 project tokens they had available, it made sense for us to partner with the Ethfinex team. We are optimistic that are two companies can collaborate together to create a number of successful asset management options for the crypto community."

About RigoBlock

RigoBlock is a blockchain protocol for decentralized asset management. A complete solution to develop applications for asset management (i.e. for the fund management industry). The RigoBlock protocol offers new types of incentives for managers and investors by aligning their interests through the Proof-of-Performance algorithm, by eliminating management fees and performance fees from the funds. RigoBlock graduated from the "Blockchain Business Solution" accelerator program by H-Farm in cooperation with Deutsche Bank. RigoBlock is a member of the Enterprise Ethereum Alliance and Cryptovalley Association. https://rigoblock.com

About Ethfinex

Ethfinex is building a hybrid trading and discussion platform for Ethereum tokens. Ethfinex provides users with the option of trading on a centralized or decentralized version of the platform. Market makers on Ethfinex are incentivized to use the platform through the Nectar tokens, rewarding traders with a stake in the platform. The overarching goal of Ethfinex is to deliver a sophisticated trading experience whilst democratizing the governance decisions surrounding a cryptocurrency exchange. https://www.ethfinex.com

SOURCE RigoBlock