Lightning Talk: HitFin

Transcript

alright thanks everybody my name is Patrick I am co-founder of hit Finn we are on a theorem company and are our mission is to provide financial services on the Block on the etherion blockchain essentially our offering is targeted for financial institutions investors and fund managers who have financial assets that they are looking to trade on the blockchain the the assets that were that we're currently targeting are mainly derivatives as well as spot trading which allows users to sell shares of their fund and with a derivatives

product allows users to trade derivatives that are based on real-world assets we support futures options and other derivatives contracts as well as spot trading the problem that we're solving is that in today's financial world it takes several days to settle transactions and banks and other institutions incur high back office costs that are associated with derivatives trading as we can see down below here there's a costs that involved in trade entry and reconciliation reporting and compliance as well as collateral management and our platform and aims to reduce many of those costs

by using the ethereum blockchain and one of the advantages is that on our platform trades are cleared bilaterally through the blockchain without the need to go through a clearing house or in exchange and this allows participants to trade different kinds of financial products as well as have much faster settlement times so for example if you have a bank or fund manager who wants to directly sell financial derivatives to their customers they can do this through the head fin platform some of the advantages of using the theorem blockchain as many of you

are probably aware you have increased security you have faster settlement times and you know and you have much broader access to users because anybody with an internet connection can can trade and can buy your assets so for example you can have an exchange-traded fund that's issued on the Hitchin platform that's represented on the etherion blockchain anybody with theriyum access can buy the fund we also help our users with regulatory compliance so for example we provide KY caml services as well as you know if the user wants we can also build in investor accreditation services so just to kind of recap these are kind of the current

product offerings derivatives trading we build a nice rest api around smart contract on athyrium we build a nice UI around them as well same for spot rating if you have a crypto asset today we currently have a stable currency that's packed to the US dollar that we developed as a theorem sub currency so you can check us out at you know w WH en calm and you know if you'd like to learn more if you'd like to get access to our Rui for stable currency just go ahead and sign up or come find me you know somewhere around the conference I'll be here all week and be happy to answer any questions here's just a quick screenshot of what a derivatives contract for

example would look like and you know here's an example of what are you I looks like so on the right you have kind of a contract management screen kind of an account management screen that shows the user how much stable currency that they they have how much easier to have and in this case you know you can see notifications that the user got based on the they're their currency trade some of the you know interested parties that are interested in this kind of technology that were you know in contact with so you know please feel free to reach out and you know we'd love to talk to you if you'd like to learn more and I see my time is up so here's our contact

information again WWF encom or you know please feel free to reach out through LinkedIn Twitter or email again my name is Patrick thanks for your time