NEW YORK, Sept. 20, 2016 /PRNewswire/ -- BKCM LLC releases white paper announcing the launch of its Productive Asset Record system, PAR (PAR.IO), the world's first transparent investment platform. The PAR platform is designed to efficiently create, manage and administer capital pools (hedge funds) by combining the strengths of public and private ledgers using blockchain technology.
PAR System will use cryptocurrency tools to connect traditional and cryptocurrency financial systems. The connection to the traditional financial system will allow the PAR System to be used by virtually any capital pool from hedge funds to charitable organizations to social lending organizations.
BKCM LLC Founder and CEO Brian Kelly says, "In addition to leveraging blockchain technology to enable better, faster and cheaper capital formation, the PAR System's real time immutable ledger represents a first of kind defense against fraudulent and deceptive activity."
- PAR will drastically reduce the cost of hedge fund administration
- PAR will enable greater capital formation, increased post-close liquidity, and lower the barrier of entry for investing in funds.
- PAR will utilize the strengths of decentralized technologies to disrupt the current model of capital pool administration
- PAR will enhance regulatory oversight by enabling inalterable real-time auditing of capital pools
PAR provides flexibility and automation of capital flow by allowing capital pool directors to create rule sets that govern capital flow, investment return allocation, and fee collection.
The software also assists in intelligent lending and hedge fund administration. BKCM LLC's strategic investment in Tendermint via the Cosmos Network provides leverage for cross blockchain connectivity and the rapid development of future products.
About BKCM LLC:
BKCM LLC is a global investment management firm specializing in Global Macro and Currency investing. The firm provides money management services to a select clientele and consults on digital currencies. Founder and CEO Brian Kelly is a leading expert in global financial markets and digital currencies, and author of, The Bitcoin Big Bang - How Alternative Currencies are About to Change the World. He is a CNBC contributor and can be seen regularly on Fast Money.
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SOURCE BKCM LLC