Institutions target Masternodes as they enter the Crypto Space.
In an opening gambit FIDELITY has announced it’s taken a 15% stake in Neptune Dash, a fund that holds Dash Masternodes. Fidelity is one of the world’s largest asset management companies with $2.5trn of assets under management.
Masternodes are emerging crypto assets that yield a passive income as they verify network transactions. The sector has boomed, growing from just 30 cryptocurrencies running Masternodes nine months ago, to over 90,000 individual Masternodes today — spun up over nearly 400 different currency networks.
FIDELITY have however only gained exposure to DASH Masternodes which offer a relatively low annual ROI of 7%, whilst those on some other currencies offer returns exceeding 1000%.
Navigating this complicated landscape is INDX, who use an algorithm to scan all Masternodes and create a diversified portfolio, producing an ROI of over 180%. Investors need only hold the INDX token to receive a passive income.
INDX CEO and Co-Founder Jonathan DeCarteret explains; “from the outset we identified Masternodes as the entry point for institutions into crypto. They produce a great yield, irrespective of market conditions and held in an index-linked portfolio, offer an excellent hedging strategy. This investment by FIDELITY into Masternodes is a huge endorsement of our business model.”
A recent interview with Jonathan DeCarteret in London’s City AM financial newspaper can be found here.