- Archax and Algorand have both started a collaboration in order to build a new line of products which would help close the gap between centralised and decentralised finances.
- Both of the companies will work together to release new and innovative smart financial products.
Archax, the digital security platform and decentralised finance protocol, and Algorand have both started a collaboration in order to build a new line of products which would help close the gap between centralised and decentralised finances.
Both of the companies will work together to release new and innovative smart financial products. This would include things such as a smart contract, liquid alternatives and even stablecoins.
Products on this new collaboration will be taken on by Algorand with Archax listing them for trading. The latter is one of the first platforms to obtain an operational license from the conduct authority in the United Kingdom with the former recently upgrading it’s scalable smart contracts for DeFi solutions.
The CEO of Archax, Graham Rodford put out a statement earlier this week on the 27th of August saying that this new collaboration would be one of many that would help bring institutional adoption into the crypto sector.
He further said:
“We are a blockchain agnostic marketplace, but keen to work with leading providers to deliver the next wave of ground-breaking regulated financial products.
He continued:
“The DeFi space is nascent and growing incredibly fast, but there are a number of areas that need to be solved to make it institutionally friendly.”
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