STACKR PARTNERS WITH NONA TO LAUNCH SAVINGS SOLUTION FOR THE BLOCKCHAIN COMMUNITY
In bringing this first mover savings solution for the blockchain community to market, the NONA team will be in charge of primary technological developments, including the building of interfaces and application programming interfaces (APIs).
Stackr is a long-term savings solution that enables investors to hold a diversified portfolio of both capital and digital assets, using a personalised trust structure.
Clients will benefit from an affordable, personalised international trust account, which allows for the nomination of beneficiaries and facilitates smooth, tax-efficient, intergenerational transfers. Consolidated administration and third-party custody ensure that assets are kept safe, while a web portal enables ease of use and flexibility.
This latest partnership is another feather in the cap for NONA, who has become the preferred partner in developing blockchain concepts, DApps and smart contracts for entrepreneurs and businesses.
Says Cobus Kruger, Stackr CEO: “The intersection of traditional finance and modern-day financial technology has enabled Stackr to pioneer this secure and flexible savings solution.
“Saving has long been the cornerstone of wealth generation but saving solutions need to evolve along with technological innovation. The platform removes traditional frictions that adversely impact savings solutions, while pioneering investment options, driven by machine learning, within a secure trust structure.”
Says Mike Scott, NONA CEO: “We were attracted to this project by the Stackr team’s proven experience in the traditional investment space and their appetite and belief in blockchain-based hybrid solutions.”
Kruger explains: “The Stackr project is primarily tech-focused and we wanted to partner with a company that understands the market and can adapt to the fast-paced environment of a start-up like Stackr.
“A percentage of the funds raised in our initial coin offering (ICO) will go towards the continuous improvement of the Stackr solution to ensure it remains a world-class offering. In doing so, we utilise the latest research and technology, and a company like NONA is perfectly placed to help us in this regard.”
The advent of blockchain technology and interconnected digital assets presents a new opportunity and challenge for investors.
Kruger concludes: “Cryptocurrencies provide investors with either direct or indirect participation in the value that this revolutionary and disruptive technology will create.
“It is already plausible that digital assets can be housed in a decentralised fiduciary solution, such as a trust, and that collective investment schemes like mutual funds could be domiciled on the blockchain.
“Again, this makes NONA the perfect partner for rolling out these services, given the company’s focus on blockchain-based projects.”