11/06/2015 iain

Abacas in Profit & Loss

Digital asset exchange Abacas plans to launch with the trading of asset-backed coins (ABCs), supported by physical assets held in trust.

Through the use of ABCs, asset managers can unlock the value of static assets through direct asset-for-asset trades on the cloud-based exchange.

The Abacas exchange is multi-asset class, so asset managers can go from dollar-denominated commodities to sterling-denominated equity in one move, effectively eliminating the need to execute foreign exchange hedging transactions.

Read the full story here

Translate »