Manila, Could 09, 2022 (GLOBE NEWSWIRE) —
Abroad Filipino Staff now have a brighter way forward for rising their hard-earned cash in a lot of methods by way of the blockchain, offering entry to alternatives that earlier than had been reserved just for large time gamers with giant upfront capital.
All that is doable by way of P/E Capital Funding SEA Pte Ltd., the Singapore based mostly hedge fund arm of US Boutique Funding Agency P/E Capital Funding Administration Companions, which is planning to dive into the blockchain by way of its ‘Remit.Save.Reward’ (RSR) program. Initially this might be launched within the Philippines and can develop its attain into different areas.
Acceptar Group, a Philippine cryptocurrency blockchain consulting agency, will help P/E Capital within the improvement of their token and can present technical and blockchain experience to assist their firm transition into the total advantages of this know-how.
The principle objective of this venture is to assist Abroad Filipino Staff (OFW’s) take part in hedge fund kind applications with considerably decrease entry necessities in comparison with conventional hedge funds that usually want a minimum of $250,000 minimal to affix to allow them to take part in applications and luxuriate in the identical advantages with out the preliminary entry requirement.
In line with P/E Capital CEO Eliseo Jojo L. Prisno, “The long run might be brighter for our OFW’s by way of this program. The imaginative and prescient is to permit these OFW’s to have a long-term funding that they’ll get pleasure from after their stint overseas. Lots of them have labored for a really very long time however are unable to avoid wasting for his or her future. It will give these OFWs a chance that’s normally obtainable solely to ultra-high web price people.”
The P/E Capital token known as “P/ECaT” will create rewards based mostly on their buying and selling program. This would be the first Philippine hedge fund kind venture that might be backed by real-world property of NASDAQ 100 listed corporations within the electrical car ecosystem. This system which delivered a 37% equal yield captured final yr’s momentum within the EV sector with investments in Tesla, NIO Motors, Common Motors, Ford Motors, Apple and Nvidia to call a number of. The fund is now in its second yr and can embark on an expanded distribution – this time by way of the blockchain.
This token might be minted as a part of the customized tokens that Nekoin protocol will launch inside its compliance-centric ecosystem to offer extra worth to Filipinos worldwide.
The Remit.Save.Reward(RSR) Program will incentivize OFWs by delivering promotions and particular gives every time they remit cash to their family members. RSR individuals can get pleasure from zero remittance transaction charges, and senders can take part in this system to allow them to avail its rewards as soon as they go dwelling to retire.