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Brilliant Erdenes Gold Mining Group and Finamatrix Enter Crypto Market Raising $200 Million Blockchain A.I. Fund

Singapore, Singapore, December 28, 2017 --( The Brilliant group of companies and Finamatrix have collaborated to create a regulated Blockchain A.I. Fund, called FIX Fund, classified as a diversified, stable-growth, and value investment fund, which mirrors the FIX Index, a portfolio of high-quality Blockchain, high-tech projects, and other liquid investments, with a preference for clean technology, long-term and sustainable businesses. The fund joins the ranks of venture funds with similar focus such as Galaxy Investment Partners, Protocol Ventures, MetaStable Capital, Neural Capital, and others. Similar to a hedge fund, the FIX fund employs arbitrage, relative-value and hedging strategies.

Since 2005, the Brilliant group including Brilliant Erdenes LLC is a mining company which owns in excess of $800 million of gold, molybdenum, rare earth deposits, and real estate projects, and has committed $100 million to the venture fund.

Founded in 2006, Finamatrix is an award-winning risk-control specialist from Singapore that owns proprietary Risk-Cybernetics technology that utilizes machine-learning for the optimization of portfolio performance in financial markets. Finamatrix has also committed $100 million in cash and intellectual property to the fund, and is committed to clean technology and long-term, sustainable practices.

More Billionaires like Tim Draper, Mike Novogratz, and Taizo Sun are taking a stake in this nascent market.

Crypto Funds are seen sprouting up to enter one of the biggest revolutions in history, further supporting liquidity growth for digital tokens.

The FIX Fund mirrors the FIX Index, which is also mirrored by the FIX Token, a digital asset that integrates Blockchain with A.I. risk control protocols.

"While Bitcoin is growing in acceptance, there are actually many other Blockchain projects that are of better quality than Bitcoin, that are able to solve real world problems even better, with more transparency and team responsibility. Governments should embrace the digital economy and more education should be made available on Cryptos. Governments that solve tax collection with Blockchain protocols in a fair way will be able to grow their tax base and increase tax revenues," states Dr. Lanz Chan, founder of Finamatrix.

“Governments maintain social order and policies protect jobs. And we need both. Governments that embrace Blockchain and Cryptos will create new jobs in this space. And we definitely still need custodian banking services to know that our money is in a safe place. Blockchain, technically, only solves peer-to-peer transaction security and satisfies certain pre-defined conditions, for now. A lot more sandbox testing is needed for more advanced functions,” added Dr. Chan, an ex-UBS and JP Morgan banker.
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Dr Lanz Chan

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