Fun

Unido – Leading the Race at Bridging Institutional Investors to Crypto Markets

News Feed - 2021-08-09 10:08:57

Unido - Leading the Race at Bridging Institutional Investors to Crypto Markets sponsored


To demonstrate the use case and commercial viability of Unido Enterprise Platform (EP), it is helpful to compare with an established digital asset management platform which has built in DeFi options. Enzyme (MLN) has been selected for competitor comparison and analysis, given it launched in July 2016 and provides similar services and features as EP, albeit delivered in very different formats.


Enzyme is delivered in two parts, a front end website for asset management and an Ethereum-native blockchain protocol to deploy custom liquidity pools, allowing investors to deploy their digital assets (limited to Ethereum-based tokens) in yield returning activities, without the use of investment managers, hedge funds, or other fund management companies.


Given on-chain assets on the Enzyme platform are governed by a client’s single private key, the product offering is only suitable for individuals willing to take responsibility for their private key. There is no multi party signoff or compatibility with 3rd party signing custodians, meaning partnerships comprising several members, or sophisticated organisations such as enterprises and asset managers are unable to utilise these types of solutions, due to lack of corporate governance processes around security and operation of transaction signing.


In comparison, the product offering of EP delivers an integrated custodial function, which is cross chain interoperable, and has blockchain-level multi party sign-off for private key operation, making it suitable for all investor classes, including the underserved enterprise and asset manager investor segment. EP offers a Defi dashboard, which aggregates various 3rd party yield farming and staking solutions over various digital assets on multiple blockchains, presented as an investment “market place”. EP will also include access to tokenized real assets, such as precious metals and hard assets, broadening the investment options beyond blockchain-native utility tokens. Enzyme Finance vs Unido summarized


Despite Enzyme’s limitations regarding addressable market due to lack of key management solutions enabling sophisticated investors to use their platform, they have demonstrated; 1. Investors demand easy to use investment platforms to derive a yield from their digital assets, and 2. Investors are willing to pay fees to utilise such services.


Enzyme has been extremely successful in attracting retail investors to their platform and have over $90 million in assets under management. In recognition of this AUM and future growth potential, the market has ascribed a market capitalisation of over $126mm to $MLN (the protocol governance token), based on a current token price of $69.41 (fully diluted value, as of 27/07/2021).


In comparison, EP core technology is already built and the Defi dashboard will launch in 3Q2021 and is equipped with functionality to address a much wider client base. The fully diluted, post token burn market capitalization of $UDO (the utility token used for governance and services payment) is currently $7.36mm based on token price of $0.08 (as of 27/07/2021).


The Unido leadership team view Enzyme as an excellent example to show the commercial attractiveness of the asset management dashboard space in cryptocurrency. $MLN trades at a 17x premium to $UDO (as of 27/07/2021), which would appear to be the result of


Enzyme being in the market for several years, opposed to EP entering now.

The Unido leadership team are very excited by $MLNs market appeal, given the EP product can compete directly with Enzyme for the retail investor segment, but also can win enterprise and asset manager business, which represents significantly greater AUM possibilities.


About Unido


Unido offers a suite of crypto custody solutions for enterprise and institutions, based on a state of the art fragmented private key signing engine, allowing distributed transaction signing at the blockchain level and providing corporate governance framework over crypto ownership.


This level of corporate governance workflow and security technology is needed by sophisticated organizations to confidently take the leap into crypto, augmented with a Defi investing dashboard to make earning a yield on digital assets a point-and-click activity.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies SPONSORED | 19 hours ago OVR and BlackPool: NFTs With Augmented Reality and Virtual Reality SPONSORED | 4 days ago Tags in this story Unido EP


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer

News Feed

David Attlee10 minutes agoCouncil of Europe adopts DAC8 crypto tax reporting ruleThe eighth iteration of the Directive on Administrative Cooperation was formally adopted by the Council of the European Union63 Total views
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates sponsored Crypto traders turn to fixed-income instruments like bonds and stocks to diversify their portfolios. The
David Attlee1 hour agoSpain to implement MiCA six months ahead of July 2026 deadlineThe country said EU crypto rules will come into force in December 2025, ahead of the general deadline for implementing MiCA for all 27 m
Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New LawIsraeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset
Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel
Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel With just over two weeks until The Merge, Ethereum network fees have reduced signi
Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020,
Akt.io Shows How DeFi Is Shaping the Future and Why Financial Institutions Are Ripe for Disruption
Akt.io Shows How DeFi Is Shaping the Future and Why Financial Institutions Are Ripe for Disruption sponsored Investing has become mandatory for those who want to secure their financ
David Attlee30 minutes agoSolana becomes ecosystem partner of Dubai free zoneThe Solana Foundation has become an ecosystem partner for the Dubai Multi Commodities Centre, one of the free economic zones within the UAE.447
Yashu Gola9 hours agoWhy is Bitcoin price stuck?Bitcoin is a volatile asset, but BTC price can stay flat for days, weeks and even months for various reasons.14752 Total views77 Total sharesListen to article 0:00Market An
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business A California man has been sentenced to three years in federal prison “for operating
Coinbase sees infinite interoperability potential with Ethereum and USDC
Derek Andersen2 hours agoCoinbase sees infinite interoperability potential with Ethereum and USDCCoinbase head of tokenization Anthony Bassili described plans for its Base network at TokenizeThis 2024 in Miami.650 Total
Paraguay Eyed as New Bitcoin Mining Destination
Paraguay Eyed as New Bitcoin Mining Destination Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week,