Sanostro, led by finance industry experts from UBS, Goldman Sachs and Julius Bär, has launched the SYGNAL platform to revolutionize the way institutional investors access and apply systematic investment intelligence.
Zurich/Zug, July 19, 2018.
Sanostro, a leading Swiss fintech company providing tailor-made investment solutions to institutional investors sourced from best-in-class quantitative managers, and Blockchain Valley Ventures (BVV), a Swiss-based accelerator and venture firm developing and investing into blockchain-enabled businesses, announced today their partnership to launch the Initial Token Offering (ITO) of the SYGNAL project.
The SYGNAL platform aims to address some of the most sensitive issues in the investment space and by doing so, become a gateway for applied artificial intelligence in the industry. SYGNAL uses blockchain technology to overcome trust issues related to selection bias and curve fitting as well as smart contracts, which allow the platform to scale faster and more effectively. To facilitate this, the SYGN usage and payment token will be issued providing access to the first of its kind de-centralized investment intelligence platform in the industry. The token will also be used as a reward for the early users of SYGNAL – via a so-called airdrop.
“While Sanostro, which counts Avaloq as a key IT partner, sources the relevant data, SYGNAL’s purpose is to run the IT infrastructure project connecting institutional intelligence providers and seekers such as banks, asset managers and exchanges. We are the first using this disruptive approach democratizing hard to access investment intelligence and making it available straight into your portfolio,” said Godefroy Schrago, a Founding Partner at Sanostro.
BVV, a spin-off of Lykke Corporation, will provide lead advisory services to launch the SYGNAL ITO in Switzerland. “We are excited to be appointed lead advisor to an innovative business such as SYGNAL. We believe SYGNAL will have a lasting impact on the financial industry – an industry primed for disruption. The upcoming ITO will facilitate a major milestone in SYGNAL development namely by building a blockchain-enabled market intelligence platform as well as paving the way for applied artificial intelligence in the investment sector. We look forward to supporting an ambitious and inspirational project like SYGNAL,” said Heinrich Zetlmayer, BVV General Partner.
About Blockchain Valley Ventures (BVV)
Blockchain Valley Ventures (BVV) is a Swiss accelerator and venture firm incubating, developing and investing in blockchain-enabled businesses. A spin-off from Lykke Corporation, a pioneer in blockchain-powered trading and blockchain-based business models, BVV is capitalising on disruptive blockchain technology and enabling innovative business solutions. BVV investments are made through its own funding and/or via investment vehicles, such as the Blockchain Investment Opportunities Note, in cooperation with Vicenda. Located in the heart of the Crypto Valley in Zug, Switzerland, BVV operates within and supports the world’s most advanced and experienced ecosystem of blockchain companies, blockchain-experienced lawyers, auditors, tax advisors and financial regulators.
About Sanostro Group
Sanostro offers Alpha as a Service to increase the quality of traditional portfolios. At the core of Sanostro’s systematic solutions is quantitative market intelligence. Sanostro has teamed up with some of the best quantitative funds and uses their trading signals based on exclusive agreements. This unique approach is applied to various markets in the equity, fixed income, currency (incl. crypto-currencies) and commodity space.
Sanostro works with institutional investors (e.g. asset managers, endowments, banks and family offices) on managing their downside risk, implementing dynamic asset allocation overlays and actively managing their FX exposure. Alpha as a Service solutions are tailored to clients’ existing portfolios and delivered either as signal or as liquid and cost-effective overlays.
Founded in 2011, Sanostro is headquartered in Zurich, Switzerland with an additional office in Munich, Germany.
For further information, please contact:
Tel: +41 44 515 87 10
Blockchain Valley Ventures Contact:
Deyana Nedeva, Head of Investor Relations
Tel: +41 76 375 99 00