Blackmoon partners up with Dr. Werner & Partner in creating ETx

(source: Unsplash/Stephen Dawson)

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Blockchain financial services and fintech firm Blackmoon Financial Group entered into a strategic partnership with legal and tax network Dr. Werner & Partner with the intentions of creating a branded Exchange Traded Index (ETx), according to a press statement in mid-January.

Blackmoon expects the close ties to enable them working together with the network of attorneys, experts for international compliance and international tax law, accountants and financial advisors on the ETx, which is planned to be directly linked to Dr. Werner & Partners client base.

Blackmoon, a blockchain investment platform, issues branded ETxs on behalf of its partners in order to incentivise traders and speculators to take the risk in the market, by offering them a fungible financial product to arbitrage for profit — further adding bids and provides to a security token offering (STO) that would otherwise not exist. Blackmoon swears this practice effectively creates a balanced and stable price.

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“The partnership with Blackmoon will enable us to extend our (already advanced) crypto advisory services with security token offerings. The amount of interest for that sector is overwhelming, and together with Blackmoon we will provide a state-of-the-art-service, that will enable the right client to launch an STO from A-Z,” says Philipp Sauerborn, a senior employee at Dr. Werner & Partner.

“We are pleased to have discovered such an incredible company to partner with, and we foresee releasing the Dr. Werner & Partner ETx as soon as possible to offer this creative investment opportunity to investors across the globe,” says Oleg Seydak, CEO of Blackmoon.

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The strategic partnership with Dr. Werner & Partner is one of many that Blackmoon intends to form over the coming months, en route to their ultimate goal to have an entire suite of innovative ETxs to offer their clients as well as those of their partners.