FIC Network is an end-to-end decentralized fixed income securities network that enables the listing, exchange, and securitization of fixed income financial instruments. FIC Network is an asset-agnostic, multi-currency distributed ledger primarily focused towards institutions using traditional currencies and adapting to cryptocurrency markets. Crypto hedge funds and traditional asset managers will greatly benefit from cost savings and expanded market opportunities.
FIC Network is an end-to-end decentralized fixed income securities network for crypto economy that enables the listing, exchange, and securitization of fixed income financial instruments denominated in crypto or fiat currencies thus merging both markets.
Participants will be able to issue and trade Asset backed securities, Credit, Corporate Bonds, Collateralized Debt Obligations, Credit default swaps, Futures and Options.
FIC Network is an end-to-end decentralized fixed income securities network
Quarter 4, 2017
Quarter 1, 2018
Quarter 2, 2018
Attention. There is a risk that unverified members are not actually members of the team
$1 451 297
$15 380 925
$18 050 833
$12 821 925
We see a high market potential for the ecosystem, potentially high demand for services from users and the urgency of the problem posed. The founders and the team, which includes a large number of professionals who have the necessary relevant experience, together have the competence to implement the project. The team wants to bring ideas from the traditional investment world to the crypto industry, and bring the crypto industry into the traditional market. Both eminent advisors (Ismail Malik, Jon Chou) and venture institutional and private investors (VC Boost, Bialla Partners, Startupbootcamp NYC, Jed McCaleb, the founder of Stellar) have demonstrated their interest. Venture investors have participated not only via equity (open sources show at least $20,000 of investment from the start-up accelerator) but also in tokens: Astronaut Capital fund invested 100 ETH at the stage of the private sale, as mentioned in the corresponding press release.
We also note the absence of direct competitors at the time of analysis (April 2018) and fairly clear tokenomics. The use of the time-tested Stellar protocol for the development of the FIC network is a technically sound reliable solution.
However, we draw attention to significant risks that could affect the project’s success, and factors that must be taken into account by investors, namely:
I'm gonna have to respectfully pass on this, because I'm not personally sold on a team, this is just my subjective opinion. I'd rather wait for Exchanges.
Picolo Research is attracted to FIC Network and believes that it is working towards disrupting one of the largest opportunities in the financial ecosystem.For the reasons listed below, we believe in taking speculative long-term exposure to FIC Network:• The deal-structure is compelling with a small hard-cap and tight allocation• Market opportunity is significant, even if FIC Network are only able to secure a small number of major jurisdictions • The company have been in operation since 2014, showing a large amount of commitment and prior success in gaining the support of several accelerators and venture capital firms• While we don’t usually place a substantial amount of importance on company advisors, we believe that FIC network are supported by some leading personnelWhile we are attracted to FIC Network and its ambitions, we do acknowledge the regulatory hurdles it may face. Given the nature of the ever-changing legal landscape, we would anticipate that some jurisdictions will be much harder to gain licensing than others. We highlight this as a potential risk prohibiting growth.
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