BridgeX Network Adds New Partner Kronos as an Institutional Borrower for Liquidity
Bridge X Network Gets a New Institutional Borrower, Kronos
Kronos, the innovative platform that seeks to revolutionize the asset and fund management sectors through equalizing access to effective investment strategies, has announced a new strategic partnership with the BridgeX Network. Kronos will become one of the institutional borrowers within the BridgeX Network. Through this strategic partnership, Kronos can get liquidity without the need of leveraging their positions across bullish markets or hedging their crypto portfolios.
BridgeX Network offers a link that interconnects crypto and fiat, allowing decentralized conversion, payment and credit solutions between crypto and fiat interchangeably. The aim of partnering with this next get network for Kronos is to help in their continued development of dynamic loan ecosystems.
Kronos is the result of the understanding that the best and most useful trading strategies should not be limited to the elite few. Instead, through smart contracts, the team wants to start tokenizing the governance and benefits of investment strategies that were previously restricted to the top hedge funds.
To achieve this ambitious, revolutionary goal, Kronos is using a dual tokenized structure, with both security and utility and security intertwined together. The KRON utility token will be used for settling petition services, fees, governance decentralization, along with loyalty benefits across the whole ecosystem. The redeemable and tradeable security tokens will be launched in 2019. This dual security and utility token structure also mean that investors can enjoy almost immediate liquidity.
Kronos traders have an extensive trading experience working at some of the best hedge funds in the world like Tower Research and Citadel. They are using this expertise and market knowledge to help in democratizing access by more people to the high performing hedge fund sector.
Even though Kronos trading strategies do carry a wide range of return and risk profiles, they are typically uncorrelated to current market environments. It means that investors can still expect profits even when crypto asset prices fall. The initial series of fully managed Kronos funds are already experiencing solid returns despite the current crypto bear market. Also, Kronos is currently developing a track-record authentication blockchain system that will lead to a charge-less and instantaneous process that will be launched soon.
About the BridgeX Network
This network represents a robust financial ecosystem that is created on proprietary technology cores that bridge the two worlds of fiat and cryptocurrencies. BridgeX Networks offers unmatched interoperability between fiat and cryptocurrencies with its conversion, payment and credit solutions. These services help to set up a single, unifying platform that can serve both traditional financial organizations and blockchain companies to interact and make deals in this vibrant new economy.
The network also allows the integration of third-party DApps to unlock the massive power of the interoperability benefits completely. Partners on both sides, fiat, and crypto can join together to offer innovative solutions that will address the financial requirements of the system’s global client base.