Elpis, a visionary Swiss-registered fin-tech company, has announced their pioneering initiative to build the world’s first asset trading platform empowered by AI and blockchain technologies to manage both traditional and crypto assets for higher returns and greater transparency. While still in the making, the system has already proved its strong performance in increasing returns and reducing volatility during the test period.
“The world of institutional investment is long overdue a shakeup to rebuild trust and encourage more transparency,” said Anatoly Castella, Elpis Co-founder and CEO. Through the effective use of its proprietary AI technology, Elpis platform can remove human bias from investment practices, and deliver tailored and transparent strategies with lower costs and higher returns.
The platform also exploits blockchain technology to bridge the gap between old and new finance by trading both crypto and traditional assets. Also, different to the current status-quo where financial institutions keep their technological advantage for themselves or for the top 1% of the population, the Elpis platform will put every trade and transaction on the Blockchain Public Account Ledger for ultimate accountability. “We believe in radical transparency,” said Castella. “Our objective is to show each and every trade and transaction we make, registered on our Public Blockchain Ledger, so every client will be able to clearly see returns and trading activities.”
Unlike traditional asset management funds, Elpis will open up its platform and strategies to not only institutional/professional investors but also non-professional/retail investors. “Our clients, even the ones with no trading expertise, will be able to get access to our trading signals and mirror our trades allowing them to effectively manage their assets more efficiently and safely,” Elpis Co-founder and COO Andrea De Francisci said.
The Elpis team has been testing its strategies on US equities, futures and, more recently, cryptocurrencies since 2008 and has consistently beaten the S&P. “Tracking the last 10 years, our models outperformed the S&P consistently,” De Francisci added. “Especially in the trading from April to August this year, we have seen a return of over 40% in our balanced portfolio with crypto currencies and traditional assets.”
Elpis Testing Period: 28/12/2007 – 10/03/2017
Due to its confidence in its offering, Elpis platform will charge no management fees but be paid purely on average market performance fee – 20% of profits made, meaning that it only wins when clients win.
To raise fund to build such a platform, Elpis has started its ICO main sale on 21 August. Prior to that, it has already received considerable interest from investors and raised $1m during the pre-sale. All ELP token holders will have 1-year free access to Elpis trading signals and thereafter, will be able to use ELP tokens to pay for continued access.
For more information about Elpis, please visit https://elpisinvestments.com/
About Elpis
Elpis, will be the first hybrid quantitative trading company totally driven by Artificial Intelligence, exploiting Blockchain technology to bridge the gap between old and new finance by trading both crypto and traditional assets, offering the service to both institutional and retail clients.