Tontines are a 300 year old retirement funding solution which in the late 19th century were so popular that over half of all US households had invested the modern equivalent of $170Bn in a tontine.
Still popular in France, in 1906 they fell out of favour in the US due to the insurance company issuers tampering with the membership ledgers &
then withdrawing too much investor capital as "insurer profits".
Fast forward to 2017 and the top 20 OECD countries face a
$78 Trillion pension shortfall & Fitch Ratings have now also
downgraded the insurers which are the counterparties of many
of the most widely held private pension products.
Following the creation of distributed ledger technology, the time is
right for a trustless peer-to-peer system which offers users
substantial cost savings and is properly secured by advanced mathematics,
immutable ledgers & pseudonymous accounts.
Our flagship product will be an ETF based Tontine Pension designed to deliver optimal returns based upon Nobel Prize Winning Research.
Biometrically authenticated members will receive monthly payouts to their Tontine Accounts linked to TonCards which can be used at over 40 million merchants and ATMs worldwide.