One of our newest members, Dusk Network, is delighted to share big investment news with us. The Amsterdam-based fintech scale-up 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.“