Worldwide, 29th January 2024 – Cogito, a SingularityNET Ecosystem Partner, has entered the market and is poised to be the next big disruptor with its innovative offerings which hinge on the tokenization of Real World Assets (RWAs) and the leveraging of artificial intelligence (AI).
Led by industry experts in banking, compliance, and blockchain infrastructure, Cogito sets out to bridge TradFi with DeFi by bringing assets such as bonds, treasury bills, and stocks onchain for both individual and institutional investors alike.
A SingularityNET ecosystem partner
Cogito was born as a spinoff of SingularityNET, the decentralised AI marketplace running on blockchain founded by Dr. Ben Goertzel, a pioneer in the robotics and artificial intelligence fields.
Dr. Ben Goertzel co-founded Cogito, and now acts as an advisor to the company. His wealth of experience in the AI and technology sector supports Cogito as it endeavours to bridge the gap between TradFi and DeFi by offering investments in tokenized financial assets, some of which are poised to leverage AI technology for intelligent portfolio management.
Cogito leverages SingularityNET’s advisory, industry expertise, and ecosystem partnership to provide a practical, future-focused pathway for individuals and institutions to confidently adopt AI-driven management solutions for tokenized RWAs. This relationship has been strengthened and expanded following Cogito’s official recognition by regulators.
Regulatory approval
As of 9th January 2024, Cogito obtained the tokenized fund licence from the Cayman Islands Monetary Authority regulation (CIMA), highlighting its pledge to compliance and transparency. This achievement does not only reflect Cogito's dedication to operating within legal frameworks but also paves the way for broader market acceptance and trust.
📢We're proud to announce our official status as a fund under the Cayman Islands Monetary Authority regulations!
— Cogito Protocol (@CogitoProtocol) January 9, 2024
This significant milestone is the key to bringing our institutional-grade product suite onchain.
The approval signals the beginning of a new generation of… pic.twitter.com/whodBpHXYB
Cogito’s key differentiators
Cogito stands out from its competitors through a combination of key differentiators that underscore its strength in the market.
The most distinguishing feature lies in Cogito's diverse product offering - TFUND, GFUND, and XFUND - by appealing to different risk appetites.
TFUND: the first institutional-grade offering
TFUND offers a diversified basket of government treasury bonds, including U.S. T-Bills, with a safe annual yield ranging from 5% to 5.5%.
These assets, known for their high liquidity and low risk, present an attractive option for crypto-native and traditional investors seeking secure and regulated investment avenues.
GFUND: the green alternative
GFUND tokenized the BlackRock iShares Green Bond ETF, giving investors exposure to U.S. dollar-denominated, investment-grade green bonds whose proceeds are exclusively applied to projects or activities that promote climate or other environmental sustainability purposes.
XFUND: Innovative Tech and AI Equities Basket
Building on SingularityNET’s AI expertise, Cogito is actively developing XFUND: a cutting-edge financial product representing a basket of tech and AI equities managed and rebalanced by harnessing the power of artificial intelligence.
APAC expertise
Cogito’s unparalleled expertise in the Asia Pacific region stems from its deep understanding of financial markets, regulatory landscapes, and prevalent challenges in the area. This is underscored by the well-established connections with stakeholders in Hong Kong and ASEAN countries.
Unmatched legal structure
From an operational standpoint, Cogito sports a legal structure that ensures the highest level of investor protection through a widely-accepted fund structure fully regulated by CIMA, the Cayman Island Monetary Authority.
This regulatory adherence extends to a reputable custodian and a Hong Kong-regulated investment manager and fund administrator.
Flexibility
Cogito provides flexible subscriptions: it accepts both stablecoins and fiat for both subscriptions and redemptions, thereby serving as a fiat on/off-ramp for individuals and institutions.
A bright future ahead
With tokenised RWAs emerging as the next killer use case in the financial system, and with artificial intelligence booming as it propels the world into a new technological era, Cogito is strategically positioned to harness these trends and revolutionise the financial landscape.
Moreover, its recent achievements and upcoming product launches signify a dynamic period of growth and innovation. As it continues to push the boundaries of what's possible in blockchain-based finance, Cogito presents itself as a leader in the RWA and AI intersection.
For media inquiries, please contact:
Sandra Grabowiec
Communications and Partnerships Lead
About Cogito
Cogito is a SingularityNET Ecosystem Partner bringing tokenized traditional assets onchain for increased liquidity, security, and transparency.
A pioneer in the industry, it is led by industry experts in banking, blockchain and Artificial Intelligence, offering both individual and institutional investors a chance to access treasury bills, bonds, and equities through blockchain technology.