# kaal:claim:2998033-029

**Claim.** Blockchain platforms for fund formation lower start up and compliance costs, which especially enables new and future managers to enter the market rather than merely benefiting existing managers.

**Type.** mechanism  **Support.** argued

**Holds when.**

- applies to platform models such as Melonport and Drago

**Source quote.**

> the lower operating costs enabled by the platform models will especially enable new and future managers to enter the market because the start-up costs and compliance costs can be significantly reduced.

**From.** Wulf A. Kaal, *Blockchain Innovation for Private Investment Funds* (2017), IV.3. Pressure on Fee Structure, page 25

**Cite as.** Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

**Verify.** sha256 of source PDF `aafb1be3c25cd33da477d759df9ca2f856f0a8fe133d6396da2e75d0af573dbd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Innovation%20for%20Private%20Investment%20Funds.pdf

**Topics.** risk-and-incentives, compliance

**Keywords.** barriers-to-entry, emerging-managers, platform-models, compliance-costs, melonport

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2959730-038

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.