Representatives of Qiwi Blockchain Technologies (QBT) launched an investment banking business in the digital assets markets - the first crypto investment bank will appear on the Russian market as part of the HASH project. The project manager, financial director of QBT, who will act as a technology contractor, Yakov Barinsky, announced this.
He said: "We help companies go through the stage of fundraising. Monetization is classic: we get our commission after the company with our help raised funds in the market".
HASH intends assisting in the construction of a financial model of the project: participating companies will be provided with information on the work of the token, the feasibility of its creation and the process of use.
According to Barinsky, three companies are already preparing for the conclusion on the ICO, after which the HASH will be used to attract international funds that specialize in investing in digital assets.
"We cooperate with ten such funds; the largest of them is about $ 100 million. In addition, HASH is going to launch the work of the analytical unit," he said. "The speculative nature of the market and the lack money on it is a consequence of the fact that no one fully knows the real cost of a blockchain in the long term."
Since trading will require a license, this initiative has been postponed for the next year.
VTB believes that the interest of classical investment banks in the digital assets market will grow in proportion to the improvement of the legislative base, and the technology of the blockchain is equally well suited for use in the traditional corporate banking business and in investment banking as well.
However, according to experts, classical products of capital attraction in the market of investment banking services differ from the market of cryptocurrencies: it is another product closest to venture capital (or even capital raising at an earlier stage), therefore, even from the point of view of the product essence, these two directions practically do not intersect. There are also too high risks of investors losing funds.