Zug, May 5, 2021 — The Occam Association announces that the initial DEX offering to list on the OccamRazer platform will be DeFinity. Led by an experienced team of both blockchain and traditional finance professionals, DeFinity Network is creating a next-generation decentralized finance marketplace built and designed using pre-established and battle-tested platforms originating from the existing European fintech sector.
DeFinity’s solutions will leverage DeFi technology to build more open, transparent and scalable financial foreign exchange markets for all participants. DeFinity’s proprietary hybrid multi-ledger architecture will be fully scalable for institutional and enterprise needs, providing real-time settlement, clearing and zero counterparty risk and covering traditional FX, central bank digital currencies and stable coins.
Mark Berger, president of the Occam Association, said:
“The solutions that DeFinity are building are market-leading in both their scope and technological implementation. What they require now is access to deeper fundraising capabilities and a route to market that reflects their plans to innovate within the Cardano blockchain as well as other ecosystems. We are delighted to offer them both of these requirements through an IDO raise on the OccamRazer launchpad.”
DeFinity believes that the combination of established operational technologies alongside the exciting and innovative blockchain and DeFi space will deliver a cutting-edge platform upon which institutions can exchange traditional assets in an immediate and transparent tokenized form.
Manu Choudhary, CEO of DeFinity, said:
“The current financial world is still inaccessible, inefficient and opaque. The majority of assets are traded on expensive, frequently illiquid and notoriously slow centralized markets. DeFi is a reaction to the failures in traditional financial markets, and it is our intention to create a more inclusive decentralized ecosystem that helps to bridge the old with the new. Our initial focus will be FX, which is the largest financial market, with an average daily volume of $6.6 trillion. DeFinity will be blockchain agnostic, but blockchains such as Cardano hold immense potential for providing truly distributed and equitable access to financial markets.”
DeFinity joins DeFire as one of the two projects to fundraise via the OccamRazer launchpad. Both projects will look to transform Cardano’s DeFi landscape, building out critical infrastructure ahead of the rollout of smart contracts through the Alonzo hard fork.
The DeFinity IDO will launch in May 2021. Participants can contribute to the IDO using Ether (ETH). Participants will require a Web 3.0 wallet, such as MetaMask, to participate.
Follow DeFinity Network’s social media channels to stay up to date with the latest news:
- Telegram Official Community — https://t.me/DeFinity_Community
- Telegram Announcements — https://t.me/DeFinity_ANN
- Medium — https://medium.com/definity-network
- LinkedIn - https://www.linkedin.com/company/definitynetwork
- Twitter — https://twitter.com/definitynetwork
- Facebook — https://www.facebook.com/definitynetwork
Follow Occam.fi’s social media channels to stay up to date with the latest news:
- Telegram Official Community — https://t.me/occamfi_com
- Telegram Announcements — https://t.me/occamfi
- Medium — https://medium.com/occam-finance
- Twitter — https://twitter.com/OccamFi
- Reddit — https://www.reddit.com/user/OccamFi
About DeFinity Network
DeFinity is a cutting-edge European fintech company leveraging DeFi technology to build more open, transparent and scalable financial markets for all participants. Learn more at www.definity.network.
About Occam.fi
The Occam.fi ecosystem is managed and maintained by the Occam Association, a Switzerland-based entity operating from the crypto-friendly Canton of Zug. When the Occam.fi ecosystem grows sufficiently, Occam.fi will be governed and steered by a carefully designed decentralized autonomous organization. Occam.fi is the first decentralized launchpad designed for the Cardano ecosystem, built with expertise and care from a veteran team of blockchain entrepreneurs and professionals. Learn more at www.occam.fi.