Veritaseum is creating a software powered by the Veritaseum token that aims to cut through the banking middleman for financial services. Veritaseum's product lines will enable global peer-to-peer capital markets at unbelievable lower cost. The peer-to-peer transactions mean that there would no middleman between two parties to charge fee, etc. Veritaseum is essentially a FinTech company.
It is also creating smart contract-driven synthetic digital asset managers that aim to best the exposures and performance attempted by hedge funds but at zero margin. It would compete with top hedge funds and asset managers who charge a large chunk of performance. As it is going to be machine driven with intelligence built-in, the investors can choose according to their investment style (risk appetite) and see their value changing. The aim to maximise the value of the pool without charging asset management or other fee.