Blackmoon Reveals Prime Meridian Capital Token to Track Real Estate Lending Fund

Blackmoon Launches Prime Meridian Capital Token

Blackmoon Financial Group, a blockchain fintech company, has recently revealed that it has released its new token, Meridian Capital token. This financial asset can be used to track the performance of the Prime Meridian Real Estate Lending Fund and its main goal is to bridge the existing gap between more traditional investments and cryptocurrencies.

According to the information that we have, the company will achieve this by having a portfolio with high transparency, a flexible monthly liquidity and a fund structure that is completely audited. The fund will be managed by the Prime Meridian Capital Management company, which is registered with the Securities and Exchange Commission (SEC), so everybody will be legal and regulated.

The objective of this portfolio is to give the investors a net return of at least 8% from a secure real estate loan portfolio. The users will also have access to financial reports made by the company on their investment positions and funds. Verified investors will have even more information available like the historical results of the token, strategies and fund description.

About the Blackmoon Platform

The Blackmoon platform was created by the Blackmoon Financial Group, founded in 2014. The platform is focused on tokenized vehicles and it uses the Ethereum technology to enable the investors to profit from them.

Blackmoon allows certified investors to use the platform to purchase many kinds of assets in the form of tokens. For instance, the firm was selling a token pegged to the price of Xiaomi, a Chinese mobile phone company. The token, BMXXMI, was referenced as a share of the Xiaomi company during the initial public offering.

In fact, Blackmoon was the first company to actually issue a token that was directly related with shares from a company’s IPO. Xiaomi has not approved the token sale, though, but the company did it anyway using shares that were bought from the company.

The token sale was legal, the company affirms, but it suffered from many restrictions and users from China and Hong Kong were not able to invest, for instance.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide