The initial goal of the partnership is to use Chintai's technology to remove numerous manual internal processes that are usually performed by a fund administrator. Chintai's technology removes the need to manually track investors, ownership structures, and changes. Everything can instead be tracked in real-time without errors and numerous processes are automated.
Chimera Wealth also plans to work with Chintai for future digital asset issuance under U.S. regulations as the financial services industry continues to leverage blockchain technology. Chintai's platform eases the transition of any asset to a tokenized format, allowing traditional finance to seamlessly embrace the benefits of blockchain technology.
"We are excited to be working with the Chintai team and their spectacular digital asset solution for capital markets. As we move toward a fully digitized economy, Chintai's ability to bridge the gap between financial regulation and digital assets is indispensable. We look forward to utilizing such technology in managing the assets our clients entrust to us acting as fiduciaries," said Managing Partner of Chimera Wealth, AJ Abarca, CFA.
"Chimera Wealth is an innovative and hands-on firm that puts the client front and center. It's an honor to work with a firm to integrate our technology so they can spend less time on administrative overhead and more time focusing on what they value most -- their clients' financial success," David Packham, CEO at Chintai said.
About Chimera Wealth Chimera Wealth is a registered investment advisory (RIA) firm focused on empowering our clients to enjoy their lives today while designing their tomorrow. We focus on helping clients make decisions about the life they want to lead and create a plan to make it work. Our firm provides financial planning and wealth management services to help our clients realize their specific life and financial goals. To view other important client information visit www.chim...