The capital injection will help enable tokenization for institutional and alternative financial markets
Amsterdam, September 1 9:00 AM UTC - Amsterdam-based fintech scale-up Dusk Network has made a major step towards delivering innovative financial products and services in the blockchain ecosystem after iFinex Inc., invested over US$1 million in the project. The collaboration paves the way to creating a regulated Security Token exchange.
When Dusk Network launches, it will be part of the first regulated security token exchange that combines the traditional financial industry with the blockchain ecosystem. Paolo Ardoino, CTO at Bitfinex, has followed the venture closely since the very beginning. “When launched, Dusk Network will be among the compliant blockchain platforms for securities,” he said. “Dusk Network will bring the benefits of tokenization to the regulated market.’’
The collaboration is timed perfectly with the latest sector trend: DeFi, or Decentralized Finance. The DeFi movement advocates the use of technology such as blockchain to transform the financial sector into a fair and affordable place for all kinds of businesses and investors. The know-how and user base of Bitfinex, the digital asset exchange owned by iFinex Inc., and the compliance and technology of Dusk Network, are closely aligned with the DeFi philosophy.
By partnering with established financial institutions, Dusk Network is solidifying Amsterdam’s position as one of the world’s most important financial hubs. Jelle Pol, Business Director at Dusk Network, said: “With iFinex's involvement, we add the experience and user base of one of the largest successful entities in the blockchain industry.“
Through the digitization of securities, the exchange project is designed to bring liquidity and transferability to assets. It will allow wider, qualified investor audiences to partake in previously inaccessible opportunities and bring wholly new assets to market. The profile of the assets that can be listed include products such as Exchange Traded Funds (ETFs), commodities, shares and bonds, as well as novel assets native to the blockchain.
Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets. Bitfinex's strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
Dusk Network is the privacy blockchain for financial applications. A new standard for compliance, control and collaboration. Its mission is to enable any size enterprise to collaborate at scale, meet compliance requirements and ensure that personal and transaction data remains confidential. Companies use the Dusk Network blockchain to issue tokens, trade and collaborate via smart contracts.
About Dusk
Dusk in a nutshell
The power of decentralized finance, the privacy of fintech institutions, and the control of financial market infrastructures - at the fingertip of all users.
Dusk is the first global computer with privacy-preserving dApps built for real world adoption and assets (RWA). Dusk protocol has been built from the ground up for financial applications and services, providing a secure, private, and scalable infrastructure for the digital economy. Dusk ultimate goal is to enable a full and decentralized financial market infrastructure (FMI) powering clearance anb settlement, post-trading services, and corporate actions for securities and digital assets.
Technically, Dusk is a layer one, zero-knowledge friendly, proof-of-stake blockchain network protocol with an emphasis on privacy and compliance.
Simply put, Dusk is privacy-centric global ledger for real world applications and assets.
Official documentation for the Dusk platform via: https://docs.dusk.network/
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