Cryptocurrency and financial assets in one platform
Trade any asset, anywhere, with cryptocurrency
Digitalizing a $300 Trillion capital market
Cryptocurrency and Blockchain technologies are the way of the future, having created a myriad of new opportunities in every global industry.
But all the benefits of cryptocurrencies can’t be truly realized until larger and more varied capital is opened up to investing.
That’s where Virtuse Exchange’s world-first trading platform is set to change the industry. By integrating the trillions of dollars stored in traditional capital markets with cryptocurrency through the use of Digital Asset Collateralized Tokens (DACTs), we’re enabling what could be the biggest change in investment history.
Virtuse Exchange - Turning gold into blockchain
Along with thousands of other traditional assets
Blockchain technology has already been transforming how value is stored, recorded and transferred.
But despite it opening up new financial possibilities to millions of people around the world, they still can’t access Stocks, Commodities, or Futures without having to open bank accounts and pay huge fees to trade.
With Virtuse Exchange, cryptocurrency investors can invest in a huge range of asset classes, simply by buying DACTs that are secured against real world assets. Not only does this offer an exciting new way to invest, it also provides an attractive way to store crypto profits during times of volatility (rather than having to exchange into FIAT).
A new decentralized global market
Our aim is to create a liquid, secure and inclusive decentralized blockchain platform that anyone in the world can take advantage of. And as part of that strategy, we’ve partnered with key organizations that can help to make our vision for decentralized global trading a reality.
Experienced exchange technology provider MARKET Protocol will be a key enabler for us:
VIRTUSE Exchange plans to use MARKET Protocol to trustlessly implement a number of DACTs. Through MARKET Protocol, VIRTUSE Exchange can create and trade any digital or non-digital relationship allowing them to offer new products unavailable on traditional exchanges in a safe and solvent framework. As established traders and brokers of real world commodities they can offer their existing traders products specifically designed for their needs. CoFounder, Market Protocol
An exchange like no other
Traditional markets benefit the wealthy and the institutions, cryptocurrency benefits individuals, but with Virtuse Exchange, the world markets will be open to everyone.
Borderless and 24/7/365
Our platform enables anyone in the world to trade both cryptocurrencies and financial assets at any time, in any location. It’s the first true borderless platform that’s 100% crypto.
Trade every global financial asset
Virtuse Exchange will initially launch with basic cryptocurrency pairs. In the second half of 2018, we’ll be adding our unique Digital Asset Collateralized Tokens (DACTs) - asset backed crypto investments in stocks, bonds, commodities and other funds, allowing you to take advantage of every opportunity you can think of.
Revolutionary new digital instruments
In addition to DACTs, we’ll also be offering expertly managed DAFs (Digital Asset Funds) – tokens that are comprised of several coins, with liquidity ensured. These funds will create a whole new class of investment opportunities with virtually unlimited potential - that aren’t available anywhere else.
Our team has extensive experience in building secure financial trading systems and Virtuse Exchange will be no different. We’re implementing state-of-the-art security technologies to ensure your funds stay safe from hacking and data breaches.
Facility based in Singapore
To attract and enable access to the traditional capital markets, we’ve located our exchange in a major financial hub - Singapore. Whilst our platform will be completely decentralized on blockchain, it still needs an interface with the capital markets, which is why we’ve chosen one of the world’s most diverse and advanced financial trading centres.
Our platform eliminates the need for clearing banks, custodians, excessive brokerage and high exchange fees. As a result, we provide all of the benefits of instant electronic trading, at a fraction of the normal cost.
We’ve involving a huge community of large volume traders, institutional investors, cryptocurrency miners, OTC brokers and market makers to ensure our platform gains strong levels of adoption as quickly as possible.
Opening up trillions of dollars in assets through cryptocurrency
16 of the biggest futures exchanges in the world account for 87% of global market capitalization.
And all of that capitalization is in traditional assets.
By providing anyone with an Ethereum private key the ability to invest in ANY publicly tradeable asset, we’re building a future that everyone can benefit from.
Problems we solve:
Our current landscape, the culmination of growing pains and structural chaos – rife for disruption and innovation.
Traditional Exchanges are centralized within a few marketplaces, bred of a severe imbalance in market power. These entities result in a cartel-like consolidation of the sector (e.g., 16 of the biggest stock exchanges account for 87% of global market capitalization). Overall, they are losing steam in lieu of the latest global developments.
Due to stark market consolidation and centralization, the current exchanges are able to dictate requirements that present high barriers to entry for small investors and everyday folks. They regularly mandate excessive collaterals, deposits, and trading limits which unashamedly favor large institutional players.
With centralization also comes the need for intermediaries, such as clearing banks, custodians, and depositories. The added costs of these extra layers render legacy exchanges to be notoriously expensive. Worse, these middlemen have the opportunity to discriminate against different segments of their customers in a wide array of both implicit and explicit ways.
Many crypto-based exchanges fail to protect the user, often due to their weak IT infrastructures and vulnerability to hacking. There are dozens of exchanges that have had to cease operations due to successful hacks and attacks.
Most crypto exchanges are alike in their product offering, and none of them provide access to tangible, global financial markets. In comparison to the incumbent exchanges, they provide poor market tools, research, and financial analytics to properly manage portfolios and execute strategies.
Most existing exchanges provide poor and erratic customer service support. Our international team has professional experience across the globe and are able to provide proper support to traders worldwide.
Born from experience
Unlike many cryptocurrency businesses, Virtuse is not a new company.
As one of the most recognisable energy trading brands in Europe, Virtuse Group has a 12-year track record in business, with revenues of EUR 250 million and clients in 22 countries.
CEO Ras Vasilisin’s experience in international markets, investment banking, brokerage and fintech puts Virtuse in a great position to take on the world.
We’ve put together an expert team
Lead by experienced market-maker Ras Vasilisin, Founder and CEO of Virtuse Exchange, our team comprises experts in blockchain, trading technology, IT security, legal & compliance, marketing, and finance.
We’ve got the know-how, the partnerships and the track record to make Virtuse Exchange a success.
Here’s our launch roadmap
Release of blockchain-driven exchange platform and regulation approval. Trading with standard crypto assets (Bitcoin, Ethereum, etc.) with ensured liquidity by market makers. We will launch our inaugural Gold, S&P 500, and Carbon emission DACTs (Digital Asset Collateralized Tokens) in the Phase 1.
Vast inclusion of DACTs (Digital Asset Collateralized Tokens) – special digital instruments directly linked to real, underlying liquid assets (Carbon, Gold, Oil, S&P 500). We will also launch new, advanced analytics, as well as other easy-to-use tools for traders.
Launch of DAFs (Digital Asset Funds) – tokens consisting of portfolios comprised of several coins, with ensured liquidity, managed by experts. These funds are an entirely new and innovative class of investments.
Introducing the VIRT Token
A fixed pool of 1 billion publicly-tradeable VIRT tokens will be created to support transactions on the Virtuse Exchange, giving investors the opportunity pay for transactions and to share in the success of our revolutionary new platform.
How the funds will be used
Our Initial Coin Offering (ICO) is expected to raise a further $20,000,000 to help fund:
- Global marketing campaigns to drive uptake and increase the demand for VIRT tokens
- Future development of the exchange to add new features and trading opportunities
- Company liquidity to ensure we have sufficient financial resources to fund our long-term growth plans
Virtuse Exchange will launch as a fully-funded entity, and with the community and revolutionary technology we’re building, we expect to continue to be self-funded from our transactions (even as small as the fees will be).
Secure big discounts in our public token sale
The date of our ICO is due to be released in June 2018, with the public offering being carried out in July 2018.
During the ICO, investors can receive discounts of up to 40% on their token purchases.
|PRIVATE SALE||25% discount
|MAIN SALE (ICO)||0% discount
Register now for the Virtuse Exchange ICO
Virtuse Exchange is set to disrupt a $300 trillion industry and open the cryptocurrency and financial markets to everyone. Register now to be kept up to date on the ICO.
Frequently Asked Questions:
Virtuse Exchange is a digital asset exchange that gives investors a bridge to real-world assets. It lets you invest in real-world assets in ten minutes or less from any Internet-connected device, anywhere in the world, and in any time zone. It’s 100% CRYPTO, with no banks involved.
The relationship between virtù (virtuse) and fortuna is one of the most interesting philosophical problems posed by Machiavelli’s The Prince. According to Machiavelli, Virtuse is the human energy or action that stands in opposition to fortune. Virtuse is drive, talent, or ability directed toward the achievement of certain goals, and it is the most vital quality. That’s why we chose the name Virtuse Exchange, as we believe we represent these qualities.
The Virtuse Exchange proposition is to become the best cryptocurrency exchange while bridging old financial markets into “new”. This means existing participants of the regulated market will be our target market.
Our world is full of assets, including stocks, bonds, and commodities. Many of these assets are difficult to physically transfer or subdivide, so instead buyers and sellers will trade papers that represent some or all of the asset. But having complex legal agreements on paper is cumbersome, and makes the assets difficult to transfer and hard to track. One solution to this problem is to switch to a digital system using cryptocurrencies that are linked to a physical asset.
Virtuse exchange is the only exchange that connects crypto assets with “the old” financial markets. It’s also the only platform that enables investors to “park” their crypto earnings in less volatile commodities, such as gold and oil, without withdrawing crypto assets from the exchange. Crypto-investors are able to mitigate risk by incorporating commodities into their portfolio, which is how fiat investors do it too.
Virtuse Exchange is different from other exchanges as it's a unique
platform that combines the best of the traditional investment world with
the new digital assets ecosystem. Through its distinct collateralization
framework, Virtuse Exchange enables the most attractive capital market
assets to be traded within the safety of cryptocurrencies. This allows,
for the first time, cryptocurrencies like Bitcoin and Ether to be
invested in assets like oil, grain, precious metals, emission
allowances, and stock indices.
In other words, it creates a bridge between Crypto and the $294 trillion world of traditional financial markets.
Virtuse Exchange takes every measure to prevent fraud and be fully compliant with KYC and AML regulations for the trading of digital assets. This is why we ask clients to identify themselves with personal details.
Virtuse Exchange cares about the safety of its clients, so all of our clients’ data is safely stored in Cloud servers with the highest security level.
The Virtuse Exchange Platform will be developed in three phases, with
each phase establishing new and different functionalities and products:
In Phase 1, a platform will be introduced by trading with standard cryptocurrencies, such as Bitcoin and Ethereum. Market makers will ensure liquidity, as they’re able to add or withdraw enough coins from other platforms in case our price deviates from the price on other platforms. This phase will prove the platform’s stability and security.
Phase 2 will introduce the Virtuse Exchange Coin, which is a token to be used as a preferred means for the purchase of other products on the platform. In this phase, Digital Asset Collaterized Coins will be enabled. These are tokens directly linked to underlying liquid and tradable real assets, managed by predefined automated algorithms (i.e. not by humans).
Phase 3 will bring the Digital Asset Fund into life. Funds will be managed by experts who are creating a diversified portfolio of Digital Asset Collateralized Tokens (DACT) or other coins.
We currently allow the trading of Bitcoin, Ethereum, and Ripple. We are working on adding additional currencies.
Using a crypto wrapper called Digital Asset Collateralized Token, Virtuse Exchange can list and trade almost every liquid "real world" asset through a vast network of partners.
Virtuse Exchange does not support any fiat currency transactions. Only digital cryptocurrencies may be deposited and traded on the exchange.
The Virtuse Exchange platform is capable of sustaining one billion orders per day. We have extensively stress-tested and audited the platform to make sure your orders won’t be delayed or frozen due to high transaction activity.
Virtuse Exchange’s platform is based on the Ethereum blockchain and utilizes Smart Contracts to facilitate the execution of contracts, reducing the need for intermediaries or expensive back office processes. This results in a lean and efficient platform that offers significantly lower fees than current centralized commodities exchanges, making trading more profitable for all participants on the platform.
A VIRT token is a token issued by Virtuse Exchange and is the preferred mean for the purchase of other products on the platform. A fixed pool of one billion publicly tradable VIRT tokens will be created to support transactions on the Virtuse Exchange, giving investors the opportunity to pay for transactions and to share in the success of our revolutionary new platform.
Investors can purchase VIRT coins in three phases on a first-come, first-served basis until 400,000,000 tokens are sold. As each new phase starts, the VXT price will increase. Ethereum is a currency accepted for VIRT. Investors will receive VIRT tokens within five working days after the ICO finishes.
VIRT tokens can be used to settle transactions on the platform. The benefits include lower transaction fees, withdrawal fees, margin calls, listing fees, and any other fees.
VIRT ownership entitles its possessor to participate in Virtuse Exchange platform-related voting. One of the most important votes will be on the selection of service operators. VIRT holders are free to vote for a service operator at any time after the Virtuse Exchange platform has been launched, but not before a 24-month moratorium has passed.
Investing in certain real assets is difficult due to high barriers of entry into the market. Virtuse Exchange creates the opportunity to invest in assets that are otherwise hard to reach. DACTs are also accessible through a single platform, rather than needing to have several accounts with several traders.
Target clients include investors seeking to diversify and enrich their portfolio by adding interesting assets like Emission Allowances without the need to get a license on the market. Other target clients are also investors speculating on the price growth of underlying assets, as well as those interested in owning various existing coins through a highly secure and trustworthy platform. Virtuse Exchange can also attract commodity traders seeking to expand their client portfolio and gain new small clients through a DACT they can create with the platform. Virtuse Exchange is also an option for portfolio managers setting up their own DAF with the expectation of beating the market.
We’ve decided to base the platform in Singapore for several reasons. Singapore is the largest trading hub in energy and chemicals, and is a key area for access to base metal, iron ore, coal, grains, palm oil, rubber and sugar. It’s the third largest foreign exchange market, with the best USD liquidity in Asia and it’s the largest offshore Yuan hub outside of Hong Kong. Singapore is the second largest centre for managing offshore wealth, after Switzerland. It offers highly entrepreneurial talents, and supports modern technologies and creative ideas.
We walk the walk, not talk to talk. Our team consists of people from various backgrounds, including energy traders, analysts, consultants, market makers, and developers from Asia, America, and Europe. Our engaged and experienced blockchain experts and developers from Singapore and Europe have received guidance from professionals across futures and spot trading energy and financials, and we also have experienced compliance executives and regulators as part of the team. We are a balanced team with a wide variety of experience in cryptocurrencies, investment banking, start-ups, consulting, commodity trading and others. We also have several trading enterprises that we manage and own.
All shareholders have a long-term interest in Virtuse Exchange and want
to achieve maximum growth. They are active managers of the platform and
are fully focused on it, as we believe ‘laser focus’ (meaning not
getting disrupted by other projects), is necessary in order to succeed.
To secure our core team’s long-term commitment and alignment, all tokens acquired by the team shall be subject to the “Use Restriction”. “Use Restriction” is a general prohibition on the Purchaser’s ability to sell, transfer, spend, exchange or otherwise make use of the tokens until such tokens are vested as provided herein.
The tokens shall vest and cease to be subject to the Use Restriction in equal portions, such that all tokens shall be fully vested at the end of the Vesting Period (three-year linear vesting as measured starting from the token distribution). Long-term vesting is a powerful way to strongly incentivize early network participants to improve the network and increase the value of a token long after its development.
We see three types of potential risk the platform could face:
Risks occurring during the platform`s operations:
We recognize that straight after the launch, the platform will become a target for many hackers trying to jeopardize it. As a mitigation measure, we will work with White Hat Hackers to test the platform’s endurance and integrity.
DACTs and DAFs derive their value from the underlying assets; therefore the price volatility of underlying assets will affect the price development of DACTs and DAFs. Mainly those DACTs and DAFs where a growth of the underlying assets is expected shall be introduced, however the market volatility creates the opportunity to gain high returns.
There are many debates about future cryptocurrency regulations – several states have already imposed various regulations. However, the regulatory scheme may be adjusted in the future in some countries. The great advantage of blockchain is its independence from countries. Technology limit risk
Demand for cryptocurrencies has lately been extremely high so we may suffer capacity issues when accepting new clients and during moments of extremely high amounts of transactions. IT infrastructure is built scalable; we will monitor the performance daily and will start the preparation of capacity upgrades well in advance.
Market makers mitigate liquidity problems, and so this is generally no issue due to the high liquidity of underlying assets.
Interest rate risk:
Occurring only on those underlying assets that are linked to interest rates. This also creates a huge opportunity on the platform.