Swiss Trade Association Founded for Blockchain Asset Management
A consortium of 20 leading financial and Blockchain companies have come together to form the Multichain Asset Management Association (MAMA) in Switzerland, with the goal of establishing a unified, industry-wide voice for tackling issues in the industry.
ZUG, SWITZERLAND, October 17 — An international consortium of leading asset management companies, investors, banks, and technology and service providers in the Blockchain ecosystem have announced the formation of the Multichain Asset Management Association (MAMA) at the first annual M-0 conference in Zug, Switzerland. Initiated by Melonport AG, MME Legal Tax Compliance & Bussmann Advisory with the support of Canton of Zug Economic Affairs, MAMA’s 20 founding members will function as a trade body working towards a new vision for asset management using blockchain and other supporting decentralized technologies.
MAMA was created due to the incredible growth of Multichain Asset Management (“MAM”) technology, which has the potential to hasten a sweeping transformation of the Asset Management industry, while democratizing and streamlining the cumbersome processes and infrastructure upon which the global financial system runs today.
“The Asset Management industry is in the middle of a digital disruption. The MAMA initiative will be the catalyst for the business disruption embracing distributed ledger technologies” said Oliver Bussmann, Founder and Managing Partner of Bussmann Advisory.
The goal of MAMA, incorporated as a Swiss Association, will be to provide a forum for discussion among leaders and innovators in their industry with the purpose of creating a unified, industry-wide voice to tackle important issues in the industry, including:
· Shaping regulation in MAM technology and promoting industry-wide best practices.
· Self-regulating in the absence of non-clear regulatory guidelines.
· Research and education in and around the MAM technology ecosystem.
· Promoting security best practices paramount to MAM technology.
· Taking a leadership role in defining and setting industry standards for MAM.
· Shaping future governance procedures around MAM systems.
· Working with other bodies to provide best practice and guidance around Token issuance.
“MAM technology has developed to the point where we can see the cusp of it transforming the infrastructure of our global financial system,” said Mona El Isa, Co-Founder and CEO of Melonport. “We created MAMA to facilitate a forum for leaders across all industries to discuss, plan and engage with one another to drive innovation and positive change in the asset management industry as we build out this technology together in the coming years. We’re truly thrilled and honored to partner with an incredible group of founding members, who are leaders in their industries.”
MAMA was initiated by Melonport AG, MME Legal Tax Compliance and Bussmann Advisory and was announced today at the M-0 conference in Zug, Switzerland. MAMA is supported by the Canton of Zug Economic Promotion as networking partner and includes the 20 founding members of MAMA include:
Supported by the Canton of Zug Economic Affairs:
University of Luzern
Credit Suisse AG
MME Legal Tax Compliance
Crypto Fund AG
Midas Technologies AG
Virtual Capital Ventures
MAMA will allow members close proximity to industry happenings and provide them a platform to easily exchange experiences and ideas, allowing for debate to unify views into one voice. As a result, MAMA will become a definitive source of information and a hub for the latest thinking and knowledge in the industry with the goal to establish itself as a reliable, thought provoking, responsible body capable of making quick decisions and lobbying for results.
To learn more visit: www.mama.global