2021-04-19 11:22:11
DeFi news
-Bitcoin (BTC)-based decentralized finance (DeFi) protocol Sovryn announced that a consortium led by investor Anthony Pompliano’s Pomp Investments has agreed to a BTC 150 (USD 9.4m) investment in the protocol, after its proposal was formally accepted by the Sovryn community. Of the groups that applied to invest, those which were vetted and accepted include representation by exchanges such as Cadenza (a BitMEX affiliated venture fund), AscendEX (BitMax), and Gate.io, as well as blockchain miner Blockware Solutions.
-Ethereum (ETH)-focused major blockchain company ConsenSys announced the final close of its USD 65m formation round to accelerate the convergence of DeFi and Web3 applications on Ethereum with enterprise blockchain infrastructure. Global financial services firms JPMorgan, Mastercard, and UBS invested alongside leading blockchain companies, including Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research, they added.
-Thai Kasikornbank (KBank) is exploring DeFi as it tries to grow its business regionally via the digital platform, the Bangkok Post reported. Kasikorn Business Technology Group (KBTG), a tech arm of KBank, recently established a subsidiary called Kubix to operate as an initial coin offering portal for digital tokens in a collaboration with the Stock Exchange of Thailand, said the report, citing KBTG chairman Ruangroj Poonpol.
-METACO, a provider of security-critical infrastructure to the digital asset ecosystem, said it has launched METACO Harmonize, an end-to-end digital asset orchestration system for institutions. "METACO Harmonize is the orchestration layer for a range of subproducts that allow institutions and firms of all sizes to seamlessly integrate potential future use-cases into their infrastructure as they evolve," the company said in an emailed press release.
-Pocket Network, a blockchain data ecosystem for Web3 applications, said it has increased the total value locked on the network by USD 9.3m, with Blockchain.com, Eden Block, DACM, and others purchasing the POKT token to power decentralized data infrastructure for Web3.0 applications. The total value locked in staked POKT has now increased to over USD 189.35m, they added.
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