AllianceBlock secures funding under the $100M accelerator fund set up for the Binance Smart Chain ecosystem

AllianceBlock has secured funding under the $100M accelerator fund set up to boost the Binance Smart Chain ecosystem. This fund supports projects that aim to connect and better synergize decentralized and traditional finance (DeFi and TradFi) in order to strengthen the entire blockchain industry.

Binance’s accelerator fund is a natural fit for AllianceBlock, which is building the future of finance by bridging the gap between the two spaces. The project is focused on providing regulated financial entities around the globe with a gateway to enter the rapidly expanding DeFi sector and increase the opportunities for both TradFi products and emerging digital financial solutions.

AllianceBlock was launched on Binance Smart Chain in late 2020, and will continue to support the chain with all future product releases. As a part of the fund, AllianceBlock will benefit from exposure to the fast-growing Binance Smart Chain community.

The fund highlights Binance’s desire to support the DeFi ecosystem and facilitate a more open dialogue with traditional markets. As a member of the London Stock Exchange Group’s Partner Platform, and with ties to global institutions, AllianceBlock will work to further support Binance Smart Chain with traditional investors, as it continues to create new ways for TradFi and DeFi to interact, opening up new and bigger opportunities for everyone.

Rachid Ajaja, CEO and Founder of AllianceBlock said:

“AllianceBlock is bridging the gap between TradFi and DeFi by building the world’s first globally compliant decentralized capital market. This makes our addition to Binance Smart Chain’s accelerator fund, which shares this vision of connecting the two spaces, extremely fitting.

We would like to thank Binance Smart Chain for their support, and look forward to working with them to build and grow the ecosystem around our shared vision.”

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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About Binance Smart Chain

Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.

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