blackmoon

The firm initially entered the market with a lending marketplace platform, which facilitated the securitization of loans for investors and operated across nine countries. This early venture processed over $100 million in deal volume, demonstrating the team's capacity in financial technology. By 2016, the company had secured $3.5 million in venture capital from investors including Flint Capital and Target Global.

In 2017, Blackmoon pivoted to the burgeoning blockchain sector with the launch of the Blackmoon Crypto Platform. This platform was engineered as a comprehensive solution for asset managers to create, manage, and legally structure tokenized investment funds on the Ethereum blockchain. The service aimed to bridge the gap between traditional finance and the crypto world by providing the necessary infrastructure, legal framework, and compliance for tokenizing investment vehicles. This allowed for greater transparency, auditability, and liquidity compared to conventional fund structures. The company conducted a successful Initial Coin Offering (ICO) in September 2017, raising $30 million.

The business model centered on providing a turnkey solution for professional investment managers to launch their own tokenized funds. Blackmoon handled the complex back-end processes, including IT, compliance, and banking partnerships. Revenue was to be generated from fees related to the funds operating on the platform.

However, the company's operations ceased in April 2020. The closure was attributed to the high costs associated with regulatory compliance, specifically the EU's AMLD5 directive, and the legal challenges faced by Telegram's planned TON blockchain, for which Blackmoon had positioned itself as a key marketplace.