Cook Finance Launches a Cross-Chain Asset Management Platform for Issuing and Investing in Crypto Index Funds
SUNNYVALE, CA — JUNE 30, 2021 — Cook Finance (www.cook.finance) today announced the Ethereum mainnet launch of its decentralized cross-chain asset management platform to make crypto index funds more easily accessible to investors and asset managers. The Cook protocol allows asset managers to create and issue their own crypto index funds and gives investors an easy way to diversify their crypto holdings. The launch comes as new investors continue to pour into the crypto market in search of opportunities in decentralized finance (DeFi) and beyond.
Founded by Silicon Valley engineers from Google and Dropbox, Cook aims to bring DeFi and crypto indices to mainstream audiences by making the onboarding process simpler and more approachable. The Cook platform provides a straightforward and intuitive interface that enables users to buy and sell crypto index funds with the click of a button. Once connected to a user’s Meta Mask wallet, users can browse and trade different funds, view their asset holdings, and track fund performance from a sleek, easy-to-use dashboard.
“With Cook, we wanted to give users an easy, automated way to gain exposure to different sectors of the crypto market without having to buy each asset individually,” Adrian Peng, co-founder and CEO of Cook Finance. “We’re still in the early stages of DeFi but crypto adoption is now at an inflection point as retail investors enter the market at an unprecedented pace. We’re providing these new investors with a trustless and decentralized way to diversify their holdings.”
The platform currently offers crypto index funds utilizing extensive market analysis and portfolio theory. Each fund’s asset composition is determined based on expected returns and risks, weighing many different variables to give users fund options that cater to different investment profiles and risk tolerances. For example, Cook’s Ethereum-based index fund, which was created with low risk tolerance clients in mind, primarily holds stablecoins and large-cap crypto assets like Ethereum and Bitcoin with some limited exposure to the most reputable DeFi tokens like Uni, Chainlink, and Aave.
Cook’s asset-backed index funds are rebalanced on a regular basis—typically monthly or quarterly—to maximize potential ROI while mitigating risk. To ensure investors have access to a diverse range of assets across different blockchain ecosystems, Cook is also cross-chain compatible. The platform currently supports the Ethereum network and ERC-20 assets but Binance Smart Chain (BSC) and Huobi ECO Chain (HECO) will be supported within the next few weeks. The upcoming integration with BSC and HECO will introduce several new index funds, including DeFi-focused funds invested in popular DeFi projects like Pancakeswap, Venus, and MDex.
The Cook platform will also enable vetted asset managers to issue their own crypto index funds. When the feature goes live in Q3 2021, fund managers will be able to create and launch actively managed index funds on the Cook marketplace. The fund creation feature will allow fund managers to reach a new pool of investors without any of the heavy liftings.
Users can access the Cook DAPP platform by visiting: https://app.cook.finance
About Cook Finance
Cook Finance establishes a transparent and flexible asset management platform suited to diverse investors and asset management service providers alike. Investors can monitor a manager’s fund allocations without worrying about fund security or foul play. At the same time, fund managers can leverage Cook Finance to gain access to investors and carry out virtually any investment strategy without having to opensource the strategy.
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