Institutional investors and asset managers are quickly waking up to the fact that holding crypto assets is only a small part of the opportunities offered by the burgeoning market. As more and more firms take the space seriously, many are seeking to participate in decentralized finance or DeFi.
Together with NFTs, DeFi applications represent one of the fastest-growing sectors of the blockchain and cryptocurrency industry. Data aggregator DeFi Pulse reports a tenfold growth in the past year with the total value locked in these services going from $600 million to an all-time high of $63 billion.
Projects such as Unido and AllianceBlock have joined forces to provide these users with all the tools they need to take advantage of these opportunities. All with the kind of security that they require.
Both platforms are dedicated to decentralizing capital markets. Unido is an enterprise platform that enables institutions to store, manage and invest their crypto assets securely using proprietary key signing technology. Its advanced custody services are led by a team of former Goldman Sachs, Wipro, and Macquarie executives.
On the other hand, AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol that converts digital or crypto assets into bankable products in an automated way. Unido’s Chief Commercial Officer Michael Swan believes the project “solves the very real issue of standardized data for digital assets and provisioning of liquidity.”
The details of their partnership were shared in a recently published announcement. Both parties will benefit from key integrations of each others’ technology. Aside from AllianceBlock’s KYC and AML, Unido will benefit from the project’s Liquidity Mining as a Service and Single-Sided Liquidity Provisioning. This is set to give Unido’s enterprise users easy ways to become liquidity providers as well as enable them to receive dual-pair liquidity rewards by only staking the platform’s native $UDO token.
Likewise, AllianceBlock’s multi-chain transactions will now be secured by Unido’s multi-party signing engine. CEO and co-founder Rachid Ajaja shared that Unido shares his team’s “philosophy of bridging traditional finance with DeFi,” adding that its “focus on security and efficient interoperability is similarly inline” with AllianceBlock’s ethos.
Both parties are set to welcome an increasing number of traditional finance firms. Unido’s solutions are sure to appeal to those who have had qualms about crypto investments due to the lack of security that often characterizes the space. These more conservative investors will also have access to DeFi opportunities thanks to AllianceBlock’s features. Together, these platforms could provide the necessary infrastructure to effectively decentralize capital markets.
Disclaimer: This is a paid post and should not be treated as news/advice.