Earlier in 2019, the CEO of the TRON Network, Justin Sun, co-signed an announcement from New York City hedge fund ‘Banz Capital’ in their announcement of being able to compliantly accept TRX (Under proper diligence, compliance, and regulatory process). The news took the TRON community by storm, equating to over 4,500 interactions. Now, that fund has announced that the CEO of ‘Reality Shares’ / ‘Blockforce Capital’ and frequent live television commentator, Eric Ervin will be joining Banz Capital.
Eric Ervin, who is president & CEO ‘Reality Shares’ and ‘Blockforce Capital,’ maintaining $300M+ assets under management, will join Banz as Fund Advisor.
The news does yield a strain of forward-looking information as it makes a nod towards institutional & legacy money shifting in the area of a hedge fund that was praised by TRON’s founder.
Ervin has been praised for his extensive work in the Exchange-Traded Funds (ETFs) business, breaking many records, including multiple dividend growth & blockchain ETFs, most NASDAQ listed products (Such as $DIVY and $BLCN). Eric Ervin was also named ‘top pioneer’ in Frank Chaparro’s “Wall Street Power List” and is often guest of FOX Business, CNBC, and The Street, among other channels.
In tying together Banz Capital’s announcement with TRON’s business strategies, a really intriguing point that arises is in TRON’s push to appeal and attempt partnering with legacy institutions, traditional regulators, and the like.
For example, just a few months ago, Justin Sun won the bid to have lunch with Warren Buffet, one of Wall Street’s most influential investors. However, it was postponed and then canceled until further notice shortly after. Interestingly, Justin Sun retweeted Banz Capital’s initial announcements since, in the long-term, Banz Capital’s progress played out in direct correlation to Sun’s strategy, bridge the gap between legacy industries and the new digital industry for the additional value proposition.
Banz Capital is a cryptocurrency & blockchain hedge fund with physical headquarters on Wall Street. They look to provide investors risk-adjusted returns using a multi-strategy approach with a basis on the concepts presented by ‘Modern Portfolio Theory’ (MPT). Founded in 2019, only recently, Banz has made strides amongst the cryptocurrency and blockchain communities, most specifically TRON.
Justin Sun and John Iadeluca are both in their 20s, with Iadeluca serving as the 21-year-old CEO of Banz, and Sun, the 29-year-old CEO of TRON. These points stress the importance of developing alongside the youth who possess new perspectives on finance, technology, and the like.
While the announcement is only recent, Eric Ervin provided a quote on his joining of the fund, which positively emulates potential future developments and processes using TRON: ‘[the] world should take note of John and Banz Capital. They are just getting started”.
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