Gallantree announces partnership with Elbaite — a digital asset marketplace for sophisticated investors
At Gallantree, our entire business is focused on increasing the wealth of our clients. This is in the form of a range of options, investments, securities and assets.
A question we’ve asked ourselves is — How do the rich get richer?
The answer is, in a myriad of different ways, however there is a common pattern that the 1% or affluent regularly get access to the best investment opportunities. Normally these investment opportunities get offered to the financial elite from private banks, investment firms, wealth companies and stock brokers.
Our mission is to bring the benefits of these areas (private banking, stock brokers etc.) to more than the 1%.
Therefore we are excited to announce that we are adding to our growing ecosystem by offering the ability for our clients to access the world of digital-currencies and digital assets safely and securely.
“The challenge for any astute investor entering into the digital asset world is often in the form of security. They see the upside, yet no fund manager would risk their reputation and investor capital on an investment that has a high chance of being hacked and the funds disappearing.” — Clive Kay, MD of Gallantree.
We’ve signed a letter of intent to partner with Elbaite, a growing digital asset exchange in Australia with a focus on security while keeping transaction costs low. Our aim is to offer our clients the ability to buy, sell and hold digital assets as part of their wider portfolio easily and securely without the risks of their investment disappearing or being hacked.
In 2019 alone, hackers stole $4.0bn worth of crypto-currency with over 510,000 user logins stolen. Binance, a popular exchange was hacked for over 7,000 bitcoins from several high-net worth individual accounts in May 2019. Not only was bitcoin stolen, but also users personal data, which becomes very problematic for banks and regulated entities.
As hackers become more sophisticated, the average customer doesn’t want bank-grade locks on their doors or to build vaults in mountains in Switzerland, but a simple and secure away to be part of the community without the hacking risk.
“More sophisticated investors are seeing the benefits of crypto-currency as a valuable commodity, yet are wearisome about the risks. We’re excited in working with an emerging innovative banking experience in Gallantree.” — Mortaza Tollo — CEO of Elbaite.
The most widely known cryptocurrency is Bitcoin which currently is peaking with a market cap of US$340bn, up from US$65bn in 2018.
Elbaite is the only digital currency exchange that lets you sell your holdings for free.
Gallantree is building a digital private and wealth banking experience focusing on bringing the benefits of personalised banking to more than the 1%. Gallantree is in the process of applying for a Banking License from APRA and offering bespoke banking products to HNW’s, Entrepreneurs and Family Offices in the mid-market.
Elbaite was founded in 2017 in Melbourne, Australia and is 100% Australian owned. Elbaite’s mission is to focus solely on our customers to provide a secure and transparent cryptocurrency exchange through Blockchain protocol innovation, education, and advocacy.
For media inquiries — please contact: media@gallantree.com.au
