Fintropy provides an all-in-one platform to manage Tokenized Exchange Traded Funds (ETFs) which allow one to deal with cryptocurrency, NFTs, stocks, commodities, and the many variations of these assets. We allow asset managers to create their own unique portfolios of aggressive cross-market strategies, and let investors easily pick and choose from these diverse portfolios, all from one platform. Fintropy also provides a portal to access a number of DeFi services as well. The Fintropy platform will allow for the aggregation of nearly any existing and approved asset, ETF, or hedge funds from across the cryptocurrency ecosystem, while also providing the security and oversight needed to make this vision a success. Fintropy will be able to balance the safety of investors while still giving asset managers the freedom to pursue their preferred strategies, and be rewarded in the process. With a simple LP synthetic token backed by underlying assets, we empower traders from around the world to easily participate in the global economy.
Problems With Current Exchanges and Asset Management Platforms
The most obvious flaw in the crypto exchange and asset management market is a lack of unification. Individuals can only buy certain cryptos, stocks, forex, or commodities, on certain platforms. This makes it difficult for investors to track assets, and means that fees are incurred whenever transferring funds between platforms. Even when dealing solely with cryptocurrency, a single CEX and DEX rarely has all of a user’s desired assets available, access to strategies such as margin longs and shorts, or services such as loans and insurance . These CEXs and DEXs cannot interact with one another, and makes managing a diverse set of investments difficult. A lack of comprehensive cross-chain bridges means it is difficult to swap between assets. There is also a lack of optimal guidance in much of cryptocurrency, and it can be difficult for users to determine what is and what is not a good investment. Many assets also require constant monitoring in order to maximize profits. There is also a lack of both gamification and simplification for trading tools on these platforms, such as charting and price feeds.
Some platforms, along with their assets, also face stringent restrictions and regulations based on a user’s country or state. Oftentimes, these regulations are quite arbitrary, and result from a lack of legislative understanding regarding cryptocurrencies. Strict requirements prevent customers from being able to properly access platforms, and stifles their ability to invest. This has a negative impact on the overall global economy, as it prevents trade and subsequent economic growth solely based on borders as opposed to logic.Many popular assets such as XRP have faced repeated regulatory hurdles, and access to these assets have been limited or restricted based on locality. Traditional stock and commodities markets are also inaccessible to much of the world, as access to these assets are usually limited to the general geographic location of the banks and brokerages an individual has access to. In many cases, individuals have no access to a brokerage at all.
So Many Options!
To illustrate these issues, let’s say a person wants to create a comprehensive portfolio which covers cryptocurrencies, NFTs, stocks, and commodities, and all their variants. They may need over half a dozen separate accounts on multiple platforms, with this number increasing depending on the diversification of investment strategy. One may prefer to use Coinbase for most tokens for ease of use, but would then have to create a Kucoin for other tokens. If they wish to invest in tokenized stocks, they could sign up for a Binance account as well, but Binance is heavily regulated in areas such as the United States. Synthetix Exchange is an option for synthetic stocks, however their list of options is limited. If one wishes to invest in crypto-index funds, they could invest in PieDao or Tokensets, but would still be forced to choose between the two platforms based on their available indexes, with this issue compounding if a user wishes to access actively managed funds with long and short strategies such as dHedge. In terms of NFTS, one needs to use Opensea or Rarible for regular NFTs, NFTIX for fractional shares of NFTs (or “shards”), and NFTX for NFT-based index funds. Additionally, other platforms are required if a user wishes to partake in an Initial Coin Offering (ICO). This is on top of a user’s bank or brokerage account for traditional stocks and commodities.
Clearly, if one wishes to access a healthy array of assets, and not miss out on potential profits, they are in a difficult position! This is where Fintropy comes in. By aggregating assets from across DeFi, we can provide the ultimate trading experience, and help our users unlock the science behind investing.
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