Questions about security and regulation have been big pains for the blockchain industry since day one and prevented many institutional investors and hedge funds from delving into cryptocurrencies. Another reason preventing the multitrillion-dollar hedge fund industry from participating in cryptocurrency market was the lack of institutional-grade tools that worked for crypto assets. And there were none with required compliance capabilities.
Moreover, a September 2017 BarclayHedge survey of hedge fund managers showed that 24% of hedge funds interviewed “either currently invest or plan to invest [in cryptocurrencies] within the next six months.”
The team behind Blockchain Terminal saw this as an opportunity and set out to build a new generation platform that would ease the investors’ concerns by offering a secure and compliant blockchain-based solution.
The new platform, The Blockchain Terminal (BCT), debuted in January 2018 at the North American Bitcoin Conference in Miami.
BCT makes use of blockchain technology to provide cryptocurrency-focused investment managers with all the familiar instruments – the tools they need to enter the world of cryptocurrencies. The platform is backed by a robust security layer and capabilities while also enabling real-time compliance enforcement and ad hoc audits.
BCT is four-fold:
A professional-grade information feed, aggregating data from the top cryptocurrency exchanges and 1,400 crypto currencies, along with ICO updates from 40,000 media outlets.
Advanced trading data analytics platform and charting tools for all trading strategies.
An open app store for institutions along with apps for front, middle and back office.
And most critical, it comes with top-notch compliance monitoring and audit trail foundation.
The foundation of Blockchain Terminal is the patent-pending ComplianceGuard technology. The platform provides a deep compliance framework that satisfies strictest hedge fund requirements.
The central distinguishing feature of BCT is a hybrid ledger that integrates both a private and a public, permissioned blockchain to enable its core services. This hybrid ledger is anchored to the broader Ethereum blockchain, which can be freely used and addressed by BCT applications, a set of modular productivity tools and services that are supported by the Blockchain Terminal Foundation.
The Blockchain Terminal token (BCT, ERC20) will work as the utility token for purchasing apps and paying transaction fees within the ecosystem.
Progress and roadmap
Blockchain Terminal goes beyond anything that has previously existed. The team has secured an exclusive partnership with Bloomberg’s largest competitor. It involves bringing Blockchain Terminal to 80,000 traders, who have $16 trillion in assets.
The Blockchain Terminal has already attracted over 88,000 users.
The terminal is currently being piloted at 20 hedge funds and will launch officially by the end of Q1 2018.
BCT is currently running its ICO main sale that started on the 16th of April, 2018.
In Q3 2018, the team plans to launch a retail version of the terminal hoping for widespread adoption.
In Q4, third-party apps to be integrated with the BCT ecosystem.
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