AllianceBlock, a compliant decentralized capital market, today announced the integration of its DeFi product suite into Avalanche, an open-source platform for launching highly decentralized applications, new financial primitives and new channels. of interoperable blocks.
Once the integration is complete, users will be able to access AllianceBlock’s DeFi investment terminal, compliant P2P financial services, NFT capabilities, trustless KYC and identity verification solutions, and the pricing engine. derivatives and analyzes on Avalanche.
AllianceBlock will also strategically work with Ava Labs, the team that supports the development of Avalanche, to extend the impact AllianceBlock and Avalanche can have by connecting decentralized and institutional finance through its unique regulatory and compliance layer.
The smart contract business on Avalanche has been booming since the launch of the Avalanche-Ethereum Bridge (AEB) in February. During this period, smart contract transactions increased by 1,956% to over 1,118,000, and unique portfolios increased by 2,795% to reach the top 62,000.
“Avalanche’s mission to empower people to build an open, easy and democratic Internet of finance is a perfect match for what we do at AllianceBlock; our multi-faceted blockchain-independent protocol allows banks and their customers to easily, securely and legally exchange any crypto product, ”says Rachid Ajaja, CEO and Founder of AllianceBlock. “By becoming a key player in the Avalanche ecosystem, we will help achieve our common goals, taking the DeFi industry to new heights. We look forward to nurturing new, lasting relationships and seeing the deployment of our unique products, further enriching the AllianceBlock ecosystem. “
The AllianceBlock team is made up of former investment bankers JP Morgan, Barclays, BNP Paribas and Goldman Sachs, associated with serial entrepreneurs and global leaders in software development and blockchain. Since its inception, AllianceBlock has made strides in the DeFi industry from all angles, announcing partnerships and collaborations with Chainlink, Ocean Protocol, Injective Protocol, Orion Protocol, CertiK and many more.