Thursday, March 28, 2024
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Company SpotlightCompany Spotlight: QuantDART plans NFT platform

Company Spotlight: QuantDART plans NFT platform

The beginning
“While many believe that the future is going to be a winner takes all between traditional finance and cryptos, QuantDART envisions that both financial models will settle and mature into a coexistence of interoperability,” Edward Wong, the co-founder and head of business development at QuantDART, tells IFN, the sister publication of IFN Fintech.

Established in 2018, QuantDART seeks to be the bridge between traditional finance and cryptocurrencies with an aim to encourage newcomers to participate in cryptocurrency investments. The platform’s security utilizes post quantum cryptography which provides an unsurpassed security while allowing it to create an easy-to-use app.

Headquartered in Hong Kong with offices located in Kazakhstan and Vietnam, QuantDART is licensed and regulated by the Astana International Finance Centre. The digital assets platform targets both business-to-business (B2B) and business-to-consumer markets that are interested in investing in the cryptocurrency markets.

“We created fully-managed crypto funds with specialties such as Halal, quantitative analysis (machine-learning), fixed-income, crypto index, decentralized finance and Meta-based, just to name a few,” explains Wong.

The present
QuantDART revealed in December 2021 that it has appointed Shariyah Review Bureau (SRB) as its Shariah advisor to supervise its investment activities for its Halal investment product.

“Our flagship Halal product, QDHF, carefully researches every crypto asset before investing in them. We check on the source of the minting, individuals and companies involved with the token creation, and the utility of the token.

“We also analyze the smart contract that may be involved, to make sure that the tenets of Halal investing are in compliance. Non-fungible token (NFT) investments may involve underlying artistic creations, which have to be scrutinized in order to be deemed as Shariah compliant,” echoes Wong.

The platform works closely with SRB to ascertain its full compliance in meeting or surpassing Shariah compliance and standards and has an in-house Halal team along with a Halal compliance officer. Aside from offering Shariah compliant products, QuantDART also offers products that may not be in compliance with Shariah principles.

Targeting customers in Asia, Southeast Asia, India, Hong Kong, China, Central Asia, Africa and the Middle East, QuantDART also provides tokenization services for real estate development companies or any asset-backed entities.

The investment platform currently caters to 14,000 customers who have passed the know-your-customer process and has a team of professionals who come from traditional finance such as the Federal Reserve, Bank of America and Shanghai Futures Exchange, among others.

The future
“QuantDART’s growth strategy includes a launch of our new NFT platform — Artzioneer.com. Unlike other NFT platforms, Artzioneer is focused on developing and promoting various cultures through graphical, musical, cinematic and fine arts, along with creating strong communities between the artists and their fans,” explains Wong.

Over the next five years, QuantDART expects to surpass 625,000 customers, subject to the adoption rate of cryptocurrencies.

Meanwhile over the longer term, QuantDART expects to focus on gaining more B2B clients, and thus act as a bridge between the cryptocurrency world and traditional finance. The platform is also planning to expand its financial advisory and consulting on blockchain and tokenization services.

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