YieldStreet, the fintech bringing alternative investments to accredited investors just got a big credibility boost, partnering with BlackRock, the world’s largest asset manager to launch a new closed-end fund.
“It’s the first time investors can make a singular investment and access a large, diversified product,” said Michael Weisz, founder, and president of YieldStreet. “The project has been over a year in the making and marks a paradigm shift.” Since launching in 2015 YieldStreet has raised $178 million in equity and debt funding and has enjoyed consecutive years of fast growth. It has more than 200,000 investors with $1.3 billion invested on the platform, doubling year-over-year. The average deal on YieldStreet sells out in less than a day, sometimes in minutes or seconds. “Our biggest frustration among the customer base is they don’t get access to the deal,” said YieldStreet’s president Weisz.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »