Today Nomura’s Laser Digital announced an investment of an undisclosed amount in DeFi startup Infinity Exchange which is working on a solution for institutional lending and borrowing.
The exchange has set a lofty goal of setting the cryptocurrency industry’s benchmark interest rates with its protocol due to launch on Ethereum in the second quarter of this year. It views its solution as DeFi 2.0 compared to the well known protocols such as Aave and Compound it considers as DeFi 1.0. It’s a hybrid solution that processes calculations off-chain but transactions on-chain.
“Infinity is building critical infrastructure for DeFi, and its protocol enabling price discovery and management of risk within DeFi is transformative for institutions,” said Olivier Dang, Head of Ventures at Laser Digital.
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