Relationship will deliver enhanced KYC processes, insurance protection and asset authentication procedures
LONDON, UK / ACCESSWIRE / August 26, 2021 / Defactor, the decentralised finance (DeFi) platform that bridges the gap between traditional and open finance, today announced a strategic partnership with Centrifuge, the leading protocol helping to finance real-world assets with DeFi liquidity. Through this partnership, Defactor will facilitate the onboarding process of real-world asset originators to the Centrifuge platform.
SMEs looking to access DeFi liquidity through Centrifuge will be able to do so via Defactor’s innovative and easy-to-use protocol interface. Through Defactor’s protocol, real-world asset originators and DeFi lenders seeking to connect through Centrifuge’s platform will be able to benefit from enhanced KYC processes, insurance protection, and asset authentication procedures.
Commenting on the partnership with Centrifuge, Defactor CEO Ernesto Vila stated: “We are so excited to have such an experienced team with such an aligned mission and vision on board with us as strategic partners. Centrifuge are pioneers in a movement that is fundamentally altering the paradigm of borrowing and lending, and we are so glad to be entering into a long term partnership with them. This collaboration will greatly help us in our mission of bridging real world assets to the realm of Decentralised Finance.”
Centrifuge co-founder Martin Quensel added: “Centrifuge is embedded in DeFi to connect it to the Real World. We understand composability as a Proof-of-Decentralization, and we’re committed to advancing the agenda of decentralised finance at every opportunity. This partnership with Defactor will be a major value add in that regard, as through this partnership firms in the traditional finance space will be faced with far lower barriers to entry when attempting to access DeFi liquidity. We very much look forward to working with the Defactor team well into the future.“
Primarily established to unlock economic opportunity, Centrifuge facilitates the tokenization of real-world assets, serving investors who are seeking access to the decentralised finance market but who may be otherwise unfamiliar with the space, or who may lack the time or facilities to fully leverage the benefits of DeFi liquidity pools. Being a decentralized platform, Centrifuge drives efficiencies by removing intermediaries, revolutionising the way real-world asset originators access financing. At the time of writing, Centrifuge has already received over $25m in Total Value Locked (TVL) from real-world asset originators; a figure which is growing month by month.
Defactor provides a decentralised platform through which asset originators around the world can tap into a vast network of DeFi liquidity pools to provide solutions for their trade or invoice financing requirements. Through this partnership, Defactor’s protocol will provide Centrifuge’s user-base with an easy-to-use integration & risk management platform, enabling them to effortlessly access the world of DeFi lending & borrowing. The platform features a simple-to-use application which enables the authentication and onboarding of assets, crypto to fiat bridging, connection to liquidity pools, protection through insurance, and robust community governance, among other features.
Having built and operated platforms in the trade finance space that have provided millions of dollars worth of financing to asset originators, the team behind Defactor has already established success in the DeFi space, including being in the process of onboarding onto MakerDAO, a pioneering protocol which delivers DeFi to Real World Asset owners. Defactor and Centrifuge will work together to enhance the onboarding processes for new asset originators seeking to obtain liquidity from Centrifuge’s Real World DeFi platform.
Additionally, both parties will seek to leverage the scalability of decentralised finance to fund real-world use cases, thereby furthering the DeFi agenda and taking it in new and exciting directions.
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Defactor is building the integration and risk management tools to bring new asset classes from the real world to DeFi investment pools for financing. There is a massive funding gap in many areas of business financing globally. DeFi provides an alternative source of funding as well as the tools and expertise to bring it to scale.
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Centrifuge bridges real-world assets like invoices, real estate, and royalties to DeFi. Centrifuge is unlocking economic opportunity for all by connecting people to borrow and lend money transparently and cost-effectively; free of rent-seeking intermediaries and the inefficiencies of traditional finance.
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