About Pavel Andreev and X-eleven group
Serial entrepreneur, crypto investor and founder of several blockchain companies, Pavel Andreev is the founder of X-eleven group and a successful businessman with more than 10 years’ experience. He entered the blockchain industry in 2016, when his international consulting firm got a request from a client. Currently, Pavel is the Company President and Managing Partner of the Wall Street Partner Inc consulting firm, based in the USA and operating mainly in North and South America, and Southeast Asia. The main services the company provides are legal and banking operations. Among Pavel’s partners are professional lawyers in the field of crypto regulation and operation management.
Alongside crypto-consulting, Pavel, as an ambitious entrepreneur, aimed to create his own blockchain unicorn and launched the blockchain startup Crypt-ON in 2018. Pavel presented this project during major crypto events such as Blockshow Asia 2018 and Malta Blockchain Summit. Crypt-ON was highly praised during the roadshow and Pavel met the CEO of Binance, Changpeng Zhao, and the founder of BTCC, Bobby Li.
Among other functionality that Crypt-ON offered to its users was a custom DAO creation service. Major DeFi protocols and DEX moved to DAO governance in 2020–2021, so it was the right development vector. Unfortunately, the company ceased operations during the cryptowinter of 2019. Pavel’s experience with digital assets since 2016 is summarized by him in his book “101 Questions About Cryptocurrency”.
During the coronavirus pandemic, Pavel launched UDOC, a medtech startup in the US. The main task of UDOC was to provide online medical consultations in the context of the pandemic, and give online prescriptions to patients.
Now Pavel is launching two new Web 3.0 products developed by X-eleven group at once: neobank Bank 11 and the decentralized hedge fund X11 Finance.
Pavel has a goal to provide a better solution for the global financial system. From his point of view, a new stage in the development of fintech and banking is happening right now, when cryptocurrency instruments and decentralized funds will replace traditional financial instruments. The main characteristic of this stage is that Web 3.0 services will be increasingly used all over the world due to the growing restrictions associated with fiat currencies and jurisdictions, and cryptocurrencies will become more accessible to the masses.
X11 Finance has an innovative approach to investments X11 provides client access to multiple asset classes (shares, preIPO and crypto), with a minimum entry. The X11 fund works as a Web 3.0. app and implement blockchain and DeFi tools.
The mission of another Pavel’s company Bank 11 is to create a decentralized banking service that will be accessible to a wide audience from anywhere in the world. According to Pavel Andreev, the goal of the project is “to make it possible for every resident of our land to pocket their earned dollars no matter where they are”.
The main audience of the product is small and medium-sized businesses, which now have difficulties making international payments and raising funds for business development. X-eleven believes that the traditional banks and financial companies in many countries around the world are over-regulated and have excessive requirements for opening accounts.
Pavel Andreev believes that all these problems can be solved by new DeFi institutions. To do this, he is creating Web 3.0. companies in the field of banking and investments. The experience of Pavel and X-eleven team in consulting traditional businesses and blockchain startups will help in creating innovative approaches to banking that are in demand by a new generation of users.
