Fidelity Investments, the world’s fourth-largest asset management firm, now holds 15 percent stake in Neptune Dash, Vancouver-based publicly traded company, as revealed in a recent podcast of Dash Force News. The news marks a milestone for Dash as it pushes for its adoption in the world of real currency.
The news website contacted Neptune Dash for a comment on the development and Dustin Zinger, Investor Relations Manager at Neptune Dash, said:
“Fidelity took part in our convertible debentures which resulted in them owning 11 percent of the company at the time of going public on January 22, 2018. Between January 22, 2018, and March 9, 2018, Fidelity increased their position to 14.93 percent.”
Fidelity later increased its holdings through purchases in the open market, he added. Dustin also said that Fidelity was one of the first companies they went looking for investment.
“Originally they were one of the funds we approached during our initial go public funding roadshow. We cannot speak for the motives of Fidelity but we can assume they wanted exposure to the cryptocurrency space.”
For the uninitiated, Fidelity Investments’ annual turnover as in 2017 is 18.2 billion USD. Its CEO Abigail Johnson is the ninth wealthiest billionaire in the world.
Dash partners with brokerage software firm Tradecore
Dash, an open source peer-to-peer cryptocurrency, has partnered with London-based brokerage software firm Tradecore, according to a Dash Force News report.
Dash has been making good progress in the current market conditions and the new partnership will push it further. The cryptocurrency is currently in 14th position with a market cap of 2.02 billion USD, as per data on Coinmarketcap.com. At the time of writing, Dash’s value is at 245.97 USD, up 1.28 percent.
Tradecore specializes in designing and managing software for businesses. The company’s vision, as stated in its official website, reads:
“TradeCore is committed to delivering smart and efficient fintech products and services, with the intention to revolutionize the market by making life easier for all who work in finance and to make innovation-driven thinking into an industry standard. It is our mission to turn the existing, complex technologies, into simple and engaging novel concepts. By creating advanced products, services and apps available to any individual worldwide, we strive to empower people to actively participate in the world of finance.”
Its partnership with Dash will foster blockchain solutions.
Tradecorer CEO Stefan Pajkovic, according to a press release in The Paypers, said:
“The new support for digital assets is made possible through Tradecore and Dash’s partnership with BlockCypher, which specializes in blockchain solutions and blockchain agnostic products. The partnership enables financial service providers and businesses operating on capital markets to send, receive, and hold Dash and other major cryptocurrencies such as Bitcoin and Litecoin.”
The partnership might not be the biggest announcement of late, but it is crucial to keep the Dash project up and running.
Dash is an open source peer-to-peer cryptocurrency launched by Evan Duffield in 2014. It is a decentralized autonomous organization (DAO). Originally called Darkcoin, it was rebranded as Dash in March 2015. It is self-funded as has a self-governed organizational structure.
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