European fintech Petale has spear a digital investment fund with a stable digital asset as well as an investment and payment app.
The offering would bundle the blockchain, personal finance and asset management segments. It allows customers to digitally certify and monetize physical or digital assets through technical, legal and “tokenization” processes.
The service offering also facilitates investment in the crypto asset Petale, which provides access to tokenized products backed by an investment fund focused on digital, green and strategic projects and capital markets.
According to the company, the tokenization process will democratize access to profitable fractional products and provide customers with a solution to manage and boost their assets.
Babacar Seck, Founding Chairman of Petale Group, said: “Petale’s vision is a cross-generational project to evolve the financial infrastructure and bequeath to future generations a more efficient, robust and transparent financial system. Our ambition is to make investment accessible to all, to make finance more inclusive.
Petale is said to be associated with investment opportunities worth 300 million euros. The company is also working closely with asset managers, qualified investors and corporates to continue its expansion in this segment.
Developed in compliance with European regulations, the Petale blockchain records all assets under management.
Billed as a “shared, transparent and unalterable ledger,” it enables the process of recording financial transactions and tracking the appreciation and status of digital assets.
In January this year, Crypto exchange Gemini purchased digital asset management platform BITRIA to further bolster its custody and exchange capabilities.
In 2019, Societe Generale’s Kleinwort Hambros introduced an interactive digital tool to explore investment solutions.