Zignaly Announces Cosmos-Based ZIGChain, $100M Ecosystem Fund

In simpler terms, decentralized investing platform Zignaly revealed the launch of its own blockchain named ZIGChain on the Cosmos network, along with a $100 million investment fund for ecosystem growth.

The team at Token2049 in Dubai shared that the fund aims to build uncomplicated wealth-generating structures from the users’ point of view.

Zignaly functions as a digital counterpart to a crypto investment fund manager. Users can mimic the trades made by experts on this platform. Notably, Zignaly has acquired a cryptocurrency license in South Africa, permitting discretionary financial services similar to those granted to traditional fund managers.

“According to Andrei Grachev, partner at DWF Labs, ZIGChain enables builders to focus solely on their expertise – constructing, while wealth managers serve as an intermediary group between the protocol and its users. This unique blend of developers, wealth managers, and end-users has not been achieved before on such a grand and decentralized scale.”

With just a click of the “invest” button, Ziganly aims to make it effortless for any individual, regardless of their background in digital assets or DeFi profit strategies, to participate in the decentralized financial world.

“UDHC’s partner, Torben Jorgenson, expressed his enthusiasm for ZIGChain’s wealth management feature that simplifies user experience on top of any intricate DeFi protocol. He stated, ‘The wealth management segment in ZIGChain will make it easy for users without requiring much effort.’ UDHC is thrilled about the concept and has decided to join the ecosystem with ease.”