The Abu Dhabi -based Brevan Digital branch has published its headquarters, the ARM Crypto for the Global Investment Management Company, $ 20 million on Kinto, a Blockchain platform designed for institutional participation in decentralized financing (Defi).
The protocol said that the deposit makes Brevan Digital one of the first traditional financial companies to take advantage of the Kinto Mining Program in the series.
Kinto acts as the Ethereum Layer-2 network with compact compliance mechanisms, including KNOW-Customer (KYC) and Money Laundering (AML), which facilitates financial institutions facing strict regulatory requirements to participate in decentralized financing. It also provides a smart contract portfolio with virtual insurance and security improvements.
Read more: Lockchain Startup Kinto Plans ‘First Kyc’d’ Ethereum Layer-2 Network after collecting $ 5 million
The platform mining program, which has been appointed for a period of time, stimulates the participants by distributing symbolic rewards to deposit assets on the series on Kinto. The mining programs were the primary component in the Defi sector, but they were largely far for traditional financial institutions due to compliance obstacles.
The participation of Brevan Digital participation indicates increasing interests from old financial companies in Blockchain, especially that platforms like Kinto adapt to meet the institutional needs, Ramon Recueo, according to the co -founder and CEO of Kinto. “The institutions were waiting for two things: the features of clarity and organizational compliance. Now, through Kinto, financial institutions do not need to wait for a longer period.”
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