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Panxora Opens To Open Up AI-Driven DeFi Hedge Fund For Investors – Blockchain News, Opinion, TV and Jobs

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DeFi, panxora, headge fund, hedge, fund, cryptocurrency, crypto, decentralized, Finance

Cayman Islands-based The Panxora Group is kicking off a new quantitative hedge fund on Monday, November 2, 2020 — designed to generate profits from the rapidly growing Decentralised Finance or (DeFi) token market.

Marcie Terman, COO at Panxora stated:

“This fund is meant for people that want exposure to DeFi but lack the resources to research this very specialist market themselves. These person-to-person transactions could have a profound impact on global financial services – bringing real-world assets onto the blockchain and facilitating the transfer of trillions of dollars of assets including precious metals and fiat currencies, free from huge intermediary fees.”

The company, a licensed fund manager, is now accepting subscriptions for the fund, designed to open up decentralised finance market opportunities, with the technological security of managing the volatile cryptocurrency market made possible with Panxora’s Artificial Intelligence (AI) trading software. The advanced algorithms are designed to give equal weight to profit generation and capital preservation and the models have been used to profitably trade cryptocurrency since 2017.

Gavin Smith, Managing Partner at Panxora Hedge Funds said:

“While the DeFi market has grown significantly this year, we believe that this market is in the earliest possible stages. As the benefits to consumers start to be recognised, the potential is so great that what we are experiencing now is just the first of many dynamic moves upwards over coming months and years.”

Panxora has now adopted the software to identify and trade a variable basket of up to 20 of the most liquid DeFi tokens.

Since January the DeFi market has grown four times, with investors excited by the technology’s potential to disrupt the multi-trillion-dollar financial service industry.

Individual tokens like OMG (which jumped from USD0.61 to USD5.30 between January and September 2020) and AAVE (which has climbed over 4,300 per cent over the same period) are just two examples of the market’s potential, and public interest in the DeFi market appears to be rising.

The appeal of DeFi is that decentralised applications or ‘dApps’ run on the blockchain allowing participants to transact business independent of a central authority that has traditionally extracted what can be multiple layers of profit from each transaction. Smart contracts can underpin loans, trading, insurance, interest-bearing savings accounts, and more.





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