The capital injection will help enable tokenization for institutional and alternative financial markets
Amsterdam, September 1 9:00 AM UTC - Amsterdam-based fintech scale-up Dusk Network 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.“
Through the digitization of securities, the exchange project is designed to bring liquidity and transferability to assets. It will allow wider, qualified investor audiences to partake in previously inaccessible opportunities and bring wholly new assets to market. The profile of the assets that can be listed include products such as Exchange Traded Funds (ETFs), commodities, shares and bonds, as well as novel assets native to the blockchain.
Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets. Bitfinex's strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
Dusk Network is the privacy blockchain for financial applications. A new standard for compliance, control and collaboration. Its mission is to enable any size enterprise to collaborate at scale, meet compliance requirements and ensure that personal and transaction data remains confidential. Companies use the Dusk Network blockchain to issue tokens, trade and collaborate via smart contracts.
About Dusk
Dusk is the global financial network for institutions and individuals that combines the privacy of FinTech, the instant clearance and settlement of DLTs, and the composability of DeFi. Dusk unlocks economic opportunities for all by making institutional-level financial assets directly available to users and investors. Dusk Network was founded in 2018 and is headquartered in Amsterdam.
Contact details
-
Download vCard
- Sabine de Witte
-
Chief of Staff.
Responsible for all internal and external communication, PR and paid media. - sabine@dusk.network
- +31624856754
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...