Boston, MA/Amsterdam May 27, 2021 – COSIMO X, the world’s first tokenized fund, is now a strategic partner and investor in Dusk Network, a privacy-focused blockchain. The decision to invest in the project comes as blockchain solutions continue to be adopted by traditional financial institutions for whom privacy is a main concern.
Based in Amsterdam, Dusk is a Proof-of-Stake protocol designed for financial markets that is compliant with securities regulations. Its use cases include popular solutions such as today’s DeFi applications as well as the introduction of confidential smart contracts, confidential security tokens, a digital share registry, and a security token exchange.
Dusk Network is currently in its Testnet phase of development. It has made a $5 million grant pool available to its community to test the network as it builds towards Mainnet launch and has seen early engagement from institutional players in the sector. The project shares COSIMO X’s vision on the importance of building effective bridges between TradFi and DeFi and will offer investors the necessary privacy solutions to take this step.
Business Lead at Dusk Network, Jelle Pol, shared his outlook on the partnership. We’re excited to work with COSIMO X and have the team’s vote of confidence. It’s a big step forward in bringing appropriate privacy solutions to the institutions who are joining the space.
Managing Partner at COSIMO X, Connor Cantwell, has commented as well. The team behind Dusk is very impressive. At COSIMO, we certainly share their emphasis on privacy as a force for good and their vision for Dusk as a key bridge as DeFi and traditional finance morph together in the coming years from their separate streams today.
COSIMO X has backed a series of successful projects. The fund participated in the private sale for Casper Labs, which went on to become the largest token sale ever hosted by CoinList, and is an early investor in NDAU, whose circulating supply reached $139 million after a recent surge. The firm itself is an innovative implementation of blockchain technology as it is a tokenized fund that provides investors with added transparency and liquidity through its use of security tokens.
COSIMO X is a venture capital fund that invests in opportunities in emerging, next-generation technologies. The COSIMO team has been at the forefront of innovation and value creation for early stage companies over the past 25 years. As technology pioneers, it has developed products used by hundreds of millions of users every day and have created many firsts: from the first commercially available financial service on the Internet to the first Internet push notification.
Dusk Network is the privacy blockchain for financial applications. It is an open source and secure blockchain infrastructure that businesses can use to tokenize financial instruments and automate costly processes. The network is able to provide strict on-chain data privacy via zero-knowledge proofs.
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/
Contact details
Related news
Dusk celebrates 5th anniversary with 5th Annual Report
Amsterdam-based fintech Dusk presents its Annual Report. This is the 5th edition of the report, showcasing what the company has worked on in the past year and sharing its finances, and marks the ki...
Dusk Network rebrands to Dusk - Regulated and Decentralized Finance
Dusk Network rebrands to Dusk - Regulated and Decentralized Finance. Rebranding marks the start of a new era with a focus on pilots and onboarding partners.
Dusk Network invests $50,000 in Outdid to spur self-sovereign identification
Dusk Network invests $50,000 in Outdid to spur self-sovereign identification. Outdid creates proof-system for passports without revealing personal information.
Dusk Network (DUSK) Gets Listed on Huobi
We’re thrilled to announce that as of today you can trade $DUSK on Huobi, beginning with DUSK/USDT.
Dusk Network presents Citadel: Zero-Knowledge KYC solution
Fintech scale-up Dusk Network presents Citadel, a zero-knowledge proof KYC solution where users and institutions are in control of sharing permissions and personal information. The framework can be...