AllianceBlock to bring its Compliant DeFi Applications, Institutional Connections to Avalanche Ecosystem
Netherlands — 7 April 2021 — AllianceBlock, the first globally compliant decentralized capital market, is integrating its DeFi product suite into Avalanche, an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.
Upon completion of the integration, users will be able to access AllianceBlock’s DeFi Investment Terminal, compliant P2P financial services, NFT capabilities, trustless KYC and identity verification solutions, and derivative pricing engine and analytics on Avalanche.
AllianceBlock will also strategically collaborate with Ava Labs, the team supporting Avalanche development, to expand the impact AllianceBlock and Avalanche can have in bridging decentralized and institutional finance through its unique Regulatory & Compliance Layer.
Smart contract activity on Avalanche has boomed since the launch of the Avalanche-Ethereum Bridge (AEB) in February. During that time, smart contract transactions have increased by 1,956% to over 1,118,000, and unique wallets increased by 2,795% to top 62,000.
Rachid Ajaja, CEO and Founder of AllianceBlock commented:
“Avalanche’s mission of empowering people to build an open, simple, and democratic internet of finance is right in line with what we are doing at AllianceBlock; our multifaceted blockchain-agnostic protocol enables banks and their clients to simply, safely, and legally trade any crypto product.
In becoming a key player in the Avalanche ecosystem, we will help drive our common goals, bringing the DeFi industry to new heights. We look forward to nurturing new, lasting relationships and to seeing the roll-out of our unique products, further enriching the AllianceBlock ecosystem.”
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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