This platform lets anyone launch and manage tokenized funds — here‘s how

cointelegraph.com:

A cross-chain operating system says it allows anyone to launch and manage tokenized fund, strategy, or financial product. Velvet Capital aims to democratize asset management by enabling on-chain DeFi portfolios, with a number of high-profile protocols already on board.

Crypto is a thrilling, innovative industry that’s shaping up to have a profound impact in the decades to come — but of course, it’s had quite a few knocks in recent years.

With high-profile collapses of FTX and Celsius badly bruising confidence in the sector over the past year, with some consumers losing their life savings as contagion spread.

As damaging as these bankruptcies have been, passionate entrepreneurs who care about the ecosystem are now taking it upon themselves to learn lessons from the downfall of people like Bankman-Fried and Mashinsky, making the space safer for everyone.

A key tenet in this campaign is reducing counterparty risk and putting power back into the hands of everyday crypto enthusiasts, who shouldn’t have to worry about withdrawals suddenly being suspended.

Inevitably, there are a few hurdles that need to be overcome before this becomes a reality. One of them surrounds delivering a seamless and frictionless experience — eliminating the pain points that DeFi investors are confronted with every day: complexity, security concerns, high gas fees, user interface difficulties. The other involves catering to a broad range of crypto believers — and ensuring that newcomers are served just as well as seasoned traders who have been in the industry for years.

Now, a dedicated cross-chain operating system says it’s opening its arms to everyone and demystifying DeFi by ensuring all of its users can cultivate their own portfolios with a few clicks.

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