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Konstellation Network Wants to Disrupt Financial Services Implementing Blockchain With Its New Partners
Seoul, South Korea
DarcMatter, the parent company of Konstellation, partnered with RocketDollar recently, a company that enables the ability for American workers to include cryptocurrency investments into their retirement portfolio. RocketDollar’s unique self-directed investing account provides investors with full control of their retirement capital while accessing a multitude of asset classes including real estate, precious metals, private equity, and more.
As investors seek greater investment performance while limiting risk through diversification, this partnership is timed to offer a robust solution to tens of thousands of American workers at an opportune moment when the blockchain market is growing at an alarming rate annually.
Forbes contributor Billy Bambrough recently titled an article “Bitcoin and Cryptocurrency Investment a ‘Once-In-A-Generation-Opportunity’.”
According to Statista, the number of blockchain wallets has increased by more than 500%, from 6.7 million in Q1 2016 to 34.6 million in Q1 2019.
In a recent analysis of 30 million retirement accounts by Fidelity Investments, the average balance in corporate-sponsored 401(k) plans at the end of the year 2018 was $95,600 per account. If just 1% of that capital is allocated to cryptocurrencies like Bitcoin in the next few years, that would represent $28.68 billion worth of newly generated demand. Needless to say, the market opportunity for investing in this alternative asset class in the United States alone is highly favorable.
DarcMatter’s mission is to offer alternative investments to its clients, through venture capital and private equity, but also through investments in infrastructure and other alternative asset classes. As a result of Konstellation’s Network, which supports the DarcMatter platform, RocketDollar users will be able to diversify their investments into many more possibilities. For example, retirement investors could allocate capital towards a portfolio of cryptocurrencies, a fund solely dedicated to e-sports, focused funds that target equity in blockchain startups, or any of the new alternative asset classes that will be tokenized in the near future.
Konstellation’s objective is to enable the creation of digital assets and the necessary environment to exchange them, wishing to offer its users various services concerning these assets afterward. This partnership is a step forward in achieving the goals that Konstellation has of providing access to alternative financial products.
On a given day, the digital asset market is worth between $200 and $300 billion, but many investors still struggle in navigating among the numerous investment opportunities available. Konstellation’s partnership with Bitcurate aims to address this issue. Bitcurate is a Singaporean data analysis startup focusing on collecting data from the market and in the press. Bitcurate’s proprietary AI analyzes, understands and anticipates the evolution of the digital asset market in real time. It is anticipated that it will be an essential instrument for traditional financial institutions looking to trade in this sector. Through this partnership, users in the Konstellation Network will be able to use DARC tokens to pay for Bitcurate services.
Konstellation considers that in the future, the majority of digital assets will be on many different blockchains. Thus, in order to support a larger quantity of digital assets, the South Korean-based startup, has signed a partnership with EveriToken, a Swiss startup focused on providing the infrastructure necessary for the global token economy. They have invented the Safe Contract, which is faster (10,000 transactions per second), safer and easier to use than Ethereum’s Smart Contract based platform. Konstellation’s DARCwallet will facilitate the use, exchange, and management of a variety of tokens including EveriToken’s native EVT token.
Konstellation is a step closer to its ultimate goal of delivering meaningful change to the financial services industry by utilizing the blockchain to unite asset managers and asset investors worldwide. To learn more about Konstellation, please visit the website. To keep apprised of all information updates and announcements, please join Konstellation’s official Telegram channel.
About Konstellation (DARC)Konstellation is building a robust blockchain ecosystem to support the global financial services industry. Its native utility token, DARC, will power the Konstellation Network, a hybrid public/private blockchain which will allow for (i) blockchain-agnostic creation of digital assets, (ii) the seamless and global blockchain-enabled trusted interaction between critical counterparties and (iii) transparent, secure and, most importantly, compliant interactions with participating financial institutions. Konstellation is the source for financial institutions that want to prepare for the inevitable future in which all types of assets will exist and be recorded on the blockchain. The DARC token is available on Exrates.About everiToken (EVT)Registered in Zug, Switzerland, everiToken is the world’s first token-customized public chain specifically crafted to provide the infrastructure for a global token economy. The everiToken mainnet launched on July 31, 2018. The everiToken public chain is well on its way to providing a high TPS solution (10,000+) with investment-grade security and standardization. The EVT token opened trading this week on Bit-Z, BitGet, and BitForex.About BitcurateBitcurate is a market data intelligence platform tailored for the highly fragmented digital asset industry. The platform analyzes millions of real-time data-points from exchanges, GitHub, social media, news and various blockchains for actionable data-driven insight today. Based in Singapore with a pan-Asian network of experts and partners, the Bitcurate team boasts in-depth experience across the finance, data science, machine learning and product development sectors, leveraging their combined expertise to provide digital asset data analytics solutions for customers and partners alike. Learn more about Bitcurate.
About Rocket Dollar
Rocket Dollar was founded in 2018 with the belief that retirement is changing. Rocket Dollar shares a sentiment with Konstellation in that they believe that people should not be limited in their investment options. As investors work towards their retirement, they should be able to a secure and stable future. Rocket Dollar provides those investors with a safe, simple, and fast way for people to take control of their retirement savings. Learn more about Rocket Dollar.