The Merkle

Auctus joining Melonport led MAMA regulatory initiative and entering further partnerships

Auctus, the world’s first retirement plan platform with traditional and cryptocurrency assets, was approved as member of MAMA (Multichain Asset Managers Association) earlier this week and will be working with a consortium of leading finance and technology groups, including Credit Suisse, Bitcoin Suisse, Consensys, Ethfinex and 0x to help shape the regulatory framework for this new industry.

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The goal of MAMA is to shape and lobby for new regulations, promote industry best practices wherever there’s no clear regulations and provide research and education to the industry and its participants.

Mona El Isa, Co-Founder and CEO of Melonport stated “MAM technology has developed to the point where we can see the cusp of it transforming the infrastructure of our global financial system.”

Eric Paley, employee benefits partner at Nixon Peabody LLP in New York and Auctus Advisory Board Member said: “Joining MAMA is a crucial step in being at the forefront of industry regulation. Auctus, as the world’s first smart contract-powered retirement plan platform, needs to pioneer best practices, take a leadership role, and proactively engage with policy makers and regulatory bodies around the world.”

Besides MAMA, Auctus entered several partnerships and working relationships over the past months. Notably with Ripio Credit Network, Aragon, 0x protocol, Amadeus and Symetrics.

Auctus will conduct a token sale by end of Q1 2018 (date to be announced) and has recently opened its mandatory whitelist.

Link to whitelist: https://auctus.org/tokensale/