DeFi
cryptonews.net
15 February 2023 13:58, UTC
Reading time: ~2 m
Laser Digital, a subsidiary of Japanese investment banking giant Nomura, has made a strategic investment in the institutional-grade decentralized finance (DeFi) protocol Infinity Exchange, the firms announced on Wednesday. Neither Laser Digital nor Infinity have provided details on the size of the investment.
Kevin LEPSOE, former head of structuring and financial engineering at Morgan Stanley in Hong Kong, founded Infinity last year in an effort to boost institutional adoption of DeFi. Infinity is built on Ethereum and gives users access to both floating and fixed interest rates, as well as interest rate trading, Lepsoe said.
Infinity differs from existing DeFi protocols in that its interest rate mechanism and risk management system are key competitive advantages, Lepsoe said. Regarding Infinity’s risk management system, Lepsoe said the protocol manages ERC20 and ERC721 tokens as collateral. The Infinity protocol is currently running on the Goerli testnet, Lepsoe said, and the mainnet is expected to be live by the end of the second quarter.
Image: Verso Finance
Sourced from cryptonews.net.
