AllianceBlock and DIA enter Strategic Partnership to Deliver DeFi Data Solutions
AllianceBlock is delighted to announce a partnership with DIA (Decentralised Information Asset), the open-source financial information platform that sources and validates data for market actors ranging from DeFi platforms to traditional institutions. We will work with DIA on a wide range of data and DeFi initiatives moving forward as we seek to build the future of finance.
The partnership will see DIA integrate several elements of AllianceBlock’s protocol, which is being developed to both source and provide cutting edge analytics. We will collaborate with DIA on our Data Tunnel product. We will also integrate DIA with our On-chain and Off-chain Investment Data API product. Through this, we will be able to utilize DIA’s data and incorporate it through our Data Tunnel. This will produce mutual benefits for both the AllianceBlock and DIA communities.
AllianceBlock and DIA share a common goal; to bridge the gap between DeFi and TradFi. Much like AllianceBlock is building the future of finance, so too is DIA creating a financial information platform that will be essential for DeFi platforms, traders, financial institutions, information providers, financial authorities, and regulators.
As part of this partnership, the two firms will work together on opportunities relating to data from financial institutions. The first use case that we will work with DIA on relates to on-chain and off-chain investment data, including DeFi data as well as financial data sourced from third party providers. We look forward to sharing more information on this at a later date. We will also explore a range of opportunities relating to our joint goal of bridging DeFi and TradFi, including analyzing new applications that can be built by developers through this partnership.
Rachid Ajaja, CEO of AllianceBlock, commented: “We share a common ambition with DIA; to bridge the gap between DeFi and TradFi. Data is an incredibly important part of this goal, and I am delighted that we are partnering with DIA to progress both of our projects in this regard. It represents an important alliance between two leading proponents in the DeFi data space, and we are excited to see what we will be able to produce together.”
Michael Weber, DIA’s founder and association president, adds: “Partnering with AllianceBlock is a logic extension of DIA’s mission of making validated and transparent data available to a wide array of market actors. Access to data is the key component in a democratic and open financial market, which the DeFi ecosystem sets out to accomplish. We are happy to partner with AllianceBlock and look forward to a fruitful future.”
About DIA
DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.
DIA’s mission is to democratise financial data, similar to what Wikipedia has done in the broader information space with regard to central encyclopaedias. DIA data sources and methodologies are transparent and publicly accessible to everyone. DIA uses crypto-economic incentives for its stakeholders to validate data sources when they are added and throughout their usage.
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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