Infinex, founded by Kain Warwick, has partnered with the Near Foundation to integrate Blockchain signatures. Amid this development, the altcoin price continues to move north. Elsewhere, DWF Labs announced a partnership with UCLA for tokenised securities education.
Popular altcoin Near has partnered with Infinex!
Infinex announced a strategic partnership with the Near Foundation. The decentralised exchange will integrate Near’s Blockchain Signatures into its platform thanks to this partnership. Chain Signatures allows users to sign transactions on third-party Blockchains from a single Near account. Meanwhile, Infinex said the collaboration will enable users to ‘easily control and interact with non-smart contract Blockchains such as Litecoin and Bitcoin.’ Other Blockchains supported by Chain Signatures include Cosmos, Dogecoin and XRP Ledger. Infinex CTO Jed Watson made the following statement regarding the partnership with the altcoin:
Our smart contract architecture is key to how we combine groundbreaking UX with on-chain transparency and fund recovery. With NEAR, we can bring the same functionality to blockchains like Bitcoin and offer users true self-preservation of local assets without compromise.
What will the partnership bring to the parties?
Infinex aims to offer a centralised exchange experience on a decentralised infrastructure. The company said in a statement that the partnership with Near will help the platform reach ‘parity’ with centralised exchanges. Warwick said, ‘Infinex is a monolithic platform that will accelerate the demise of centralised exchanges. For this, we are excited to partner with NEAR to connect legacy Blockchains such as Litecoin and XRP to DeFi.’
Infinex claims that a total value of over $ 125 million is locked. As you follow from Kriptokoin.com, last month Infinex raised $67.7 million from Patron NFT, which sold 43,284 NFTs to a group of notable investors, including Peter Thiel’s Founders Fund, Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko and Aave founder Stani Kulechov.
DWF Labs partners with UCLA
Meanwhile, according to the world’s largest consulting firms, the RWA sector is set to boom. In this context, some experts predict that the sector will increase more than 50 times by 2030. This, in turn, will take the industry to over $30 trillion. Leading market maker DWF Labs has partnered with the University of California, Los Angeles (UCLA) for a new educational initiative focused on tokenised securities. DWF Labs will be featured in a case study in the forthcoming book STO Financial Revolution, the latest Blockchain education initiative spearheaded by UCLA faculty member and author Alex Nascimento.
According to DWF Labs managing partner Andrei Grachev, DWF aims to improve corporate understanding through these initiatives. Thus, DWF Labs aims to bring institutional understanding to tokenisation and STOs. In this context, Grachev made the following statement on the subject:
We are excited to share our experience and help shape the future of the industry by influencing how organisations understand and interact with digital assets and STOs.
Follow us on Twitter, Facebook and Instagram, and join our Telegram and YouTube channel to stay up to date with breaking news !
