Breaking barriers, blurring edges, the disruptor named GenTwo, a fintech platform recognized for securitization, has successfully garnered a whopping $15 million in a Series A funding round. The key player leading this round is none other than the hedge fund hotshot Steve Cohen’s Point72 Ventures, the firm announced on its website. Looking at the grander scheme of things, this raises the question – Is this the path the industry should tread on? However, the contrary viewpoint suggests a certain level of caution given the relative novelty of this concept.
Despite its base in Zurich, GenTwo eyeing an international presence paints a new picture for the global fintech landscape. Combining the funding leverage with its financial engineering platform could make it a significant player. The company’s distinctly titled ‘PRO’ platform brings sophistication to the investment market. The platform, by securitizing, takes any asset or investment strategy and morphs it into a bankable security.
Most inviting for investment enthusiasts is the possibility of transparency with non-bankable assets. It sounds fascinating – real estate, fine arts, or digital assets made comfortably accessible to all interested investors. After all, who wouldn’t like a piece of the finest art or a fragrant chunk of the real estate pie? But there’s a catch – the unpredictability these assets bring is a daring leap even for the bravest investor.
Of integral mention is Pete Casella, senior partner and co-head of fintech investments at Point72 Ventures, whose joining the GenTwo board of directors’ wagon also marks an interesting development. Point72 Ventures, grounded in New York and Menlo Park, California, is a global venture capital fund that has staked its claim in diverse chapters of the investment story – from $250,000 to $50 million and that’s not the end, it invests from the pre-seed stage to the last lap of pre-IPO.
Summarizing this event, it’s a roller-coaster ride of emotions for the finance industry — a blend of excitement for the upcoming breakthrough, paired with a smidgen of anxiety brought by venturing into uncharted territory. The move by GenTwo and Point72 Ventures is a significant pivot for the industry. Will it revolutionize them or bring turbulence in its wake? That remains to be seen.
Source: Coindesk
