AllianceBlock is among the first DeFi players selected to join the Swiss OpenWealth Association which includes Credit Suisse, LGT, VP Bank, and other traditional banking players.
In line with its mission of bridging the gap between decentralized finance (DeFi) and traditional finance, AllianceBlock has joined the renowned Open Wealth Association, the leading Swiss ecosystem of global financial institutions and WealthTechs.
By defining, maintaining and operationalizing the open Application Programming Interface (API) standard for the global wealth management community, the Open Wealth Association aims to improve information sharing between institutions.
With AllianceBlock, institutions can access opportunities and technologies within DeFi through a compliant, stable gateway that is designed to build the future of finance. Its membership in one of Switzerland’s most connected circles of top-tier banks and traditional finance institutions reflects increasing institutional interest in DeFi, as well as a desire to create a seat at the table for AllianceBlock and other DeFi players within traditional finance networks. Credit Suisse, LGT, VP Bank, as well as leading WealthTech members Assetmax and InvestSuite, are among the traditional banking members.
Our product suite allows banks, institutions, and WealthTechs to gain access to DeFi via a suite of integrated products that allows banks to connect with and retain clients and assets in a seamless, compliant way. These compliant solutions include an NFT lending platform for illiquid assets (e.g. art, collectables, illiquid funds) for wealth managers and a decentralized investing platform for investors and start-ups. The suite also provides investment products based on tradable DeFi yield strategies wrapped certificates, with International Securities Identification Numbers (ISIN) that can be traded on any stock exchange, and a number of DeFi data solutions that channel all DeFi data into one enterprise-grade API.
Rachid Ajaja, CEO and Founder of AllianceBlock said, “One of the greatest challenges to widespread adoption and integration of DeFi is a lack of understanding. In joining the Open Wealth Association, AllianceBlock is opening its door to other members, where we will both lend our expertise and learn from those working at the forefront of change within the global financial system. AllianceBlock is well-poised to educate a new network of institutional players about DeFi’s ability to reshape the traditional finance world, making it more open, streamlined, and cost-effective. We are excited to work with a host of incredible people to foster innovation, collaboration, and further integration of DeFi across the finance industry.”
In recent months, we have been fortifying our presence across Switzerland, opening a new office in Zug, Switzerland, and joining the Crypto Valley Association (CVA). As well as being a member of the London Stock Exchange Group Partner Platform, AllianceBlock has secured partnerships with Ocean Protocol, Avalanche, Flare Network and more.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized finance and traditional finance, by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.
Originally published here
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
