Elitium

Elitium operates as a financial technology company with a focus on bridging traditional finance with the world of digital assets. Founded in 2017 by Raoul Milhado, Jean-Pierre Morand, and Collin Gelevert, the Gibraltar-headquartered firm aims to simplify digital asset investments for its clients. The company's genesis stemmed from an earlier venture, a peer-to-peer crypto-payment application developed for the luxury yacht charter company Boatsters Black. The success of this application highlighted a market need and inspired the founders to create a broader wealth management platform.

The founding team combines diverse expertise. CEO Raoul Milhado brought experience from a digital marketing venture he founded and exited, along with insights from the luxury yachting sector. His initial exploration in 2016 into integrating crypto-payments into the luxury world with tech specialist Jean-Pierre Morand laid the company's groundwork. Morand, the CTO, has a background in frontier technology, including involvement in bringing the internet to France and extensive experience in blockchain. To round out the team, they brought on Collin Gelevert as Chairman and CFO, leveraging his extensive background in global business, finance, and compliance.

Elitium's business model centers on a wealth management application that provides a suite of products and services designed for managing a diversified digital asset portfolio. The platform offers clients access to decentralized finance (DeFi) savings plans, cryptocurrency staking, and cloud mining services for Bitcoin and Ethereum. A key feature is the ability to invest in tokenized real-world assets, such as art and real estate, allowing users to buy digital shares and potentially receive dividends. The ecosystem is powered by its native ERC-20 token, EUM, which runs on the Ethereum blockchain. This token is used to settle fees, power products like staking plans, and provide holders with benefits such as boosted annual percentage yields (APY), cashback on the Elitium Card, and early access to new investment opportunities. The company generates revenue through its platform services and has notably avoided a public initial coin offering (ICO), instead relying on private funding from investors like merchant bank GDA Capital.

Keywords: digital asset management, wealth management, cryptocurrency investment, fintech, blockchain, tokenization, real-world assets, DeFi savings, crypto staking, EUM token, Raoul Milhado, digital economy, luxury assets, crypto payments, NFT marketplace, cloud mining, asset portfolio, Elitium Capital, digital shares