Blockchain fintech company, Blackmoon, announced on Tuesday it has formed a strategic partnership with Jarvis International Ltd. (Jarvis), an information technology and services company, to create a set of branded Exchange Traded Indexes (ETx). This news comes just one day after Blackmoon announced its collaboration with Plato Technologies, a blockchain-centric search and intelligence engine, to create an “on-the-fly” branded exchange traded indexes (ETx).
The partnership between Blackmoon and Jarvis will reportedly allow the duo to work very closely together to create ETx’s that track the performance of a variety coin sets such as “most-traded” and “most-volatile” on the Jarvis Exchange.
“Blockchain technology may be a better alternative to raise capital from investors. However, price discovery and trading liquidity also require the inclusion of speculators. The ETx that Blackmoon issues on behalf of its partners’ brands incentivise traders and speculators to take the risk in the market, by offering them a fungible financial product to arbitrage for profit – further adding bids and offers to an STO that would otherwise not exist – effectively creating a balanced and stable price.”
While sharing more details about the partnership, Pascal Tallarida, Founder & CEO of Jarvis, stated:
“We are very excited to partner with Blackmoon. It is always nice to find companies that share our belief in the collaborative genius. The ETx represent unique investment opportunities. We are happy to bring more value to our users as ETx enhance our offering, and to reveal Blackmoon value proposition to thousands of investors and traders.”
Oleg Seydak, CEO of Blackmoon, then added:
“Blackmoon and Jarvis share a very similar vision and for this reason, we are happy to have discovered such an incredible organization to partner with. We are working hard to release the Jarvis ETx’s as soon as possible to offer this innovative investment opportunity to investors around the world.”