Calculus Network Aiming at Unifying the Internet of Value for Shaping the Future of Cryptoasset Markets
June 22 2018 - 5:00AM
Business Wire
Cryptoassets are highly volatile, with major assets like Bitcoin
regularly experiencing 10% swings in price, and smaller tokens
experiencing over 100% swings at times. Even though the asset class
has seen significant growth, growing from around $100 billion to
$400 billion in 12 months, this is still a tiny fraction of the
overall $84.9 trillion market size for the global asset management
industry. Calculus Network believes that the fragmentation and lack
of effective risk management tools cause the asset to be too risky
for institutional money to enter at large scale. Accordingly, the
company, which was formed with an aim to develop blockchain
technology, is now aiming at unifying the internet of value.
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Henry Pang (Photo: Business Wire)
Henry Pang, creator of Calculus Network, noted during a private
finance industry salon in New York that the liquidity in
cryptoasset markets is spread out over 10,000 cryptocurrency
exchanges, with as much as 40% difference in price between each
exchange. “However, by unifying the internet of value and building
mature infrastructure, Calculus is building towards the future of
cryptoasset markets,” he said.
Calculus Network aims to integrate liquidity across exchanges to
establish a maximally liquid, fair and transparent market, with
global consensus on the values of digital assets. The network also
provides a rich suite of financial derivatives that enable
individuals and organizations to form hedging strategies and
protect their positions and provides the financial infrastructure
for institutional investments to enter the global crypto
markets.
It was formed by a team of experts specialized in technology,
financial engineering, and research, 50% of whom have PhD degrees.
Besides Henry Pang, our core members also include Chao Li, who was
previously VP at Goldman Sachs NYSE Designated Market Maker group,
Deutsche Bank, and Morgan Stanley, and Owen Wang, who was
previously VP at JP Morgan. Both have provided the team with strong
academic guidance and professional experience. With cutting-edge
technologies and full academic support, the team has successfully
initiated a few blockchain based projects such as Eigen
Capital.
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