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Blockchain Network itself and Cred Partner for advanced projects
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aelf, a multi-chain chain network, announced a strategic partnership with Cred, a provider of encrypted credit and treasury management services.
As part of the partnership, Cred joins the same Innovation Alliance to collaborate with influential blockchain players to accelerate commercial adoption. As a treasury management partner in aelf's blockchain-for-business ecosystem, Cred will allow members to access sophisticated encrypted financial services, including flexible credit transfer and liquidity services.
Facilitating the creation of a holistic support system for the members and projects incubated by the alliance, Cred will provide the financial tools necessary to isolate projects arising from the fluctuations of the cryptocurrency market, allowing them to focus on fundamental technological development. The liquidity provider will work with other industry leaders, such as Repubblica, the group's official financing partner, who will continue to extend the investment advice to projects in the alliance.
Zhuling Chen, a co-founder of self, said that many companies that develop blockchain-based solutions and services face significant liquidity challenges by converting their holdings into cryptocurrency in legal currencies. "Since many blockchain SMEs hold much of their capital in digital assets, access to financial services providers who can navigate the digital economy in a competent way is crucial, so that they can effectively scale the own business, "Chen said. "The integration of Cred's treasury management program with the platform itself will allow access to the sophisticated encrypted financial services necessary to succeed in a rapidly changing economic environment".
Through the new Cred Treasury Management Program, companies that hold investments in digital assets can lend such assets to the Cred platform in exchange for legal actions. The Cred platform allows companies within the blockchain space to diversify their balance sheets and maintain access to the upside potential of their current investments while ensuring access to a secured credit line , on a flexible and easy-to-use platform.
Lu Hua, co-founder of Cred, said his company hopes to "provide start-ups, SMEs and large companies anywhere in the world with the knowledge and tools necessary to accelerate the rate of adoption of blockchain. Cryptographic-enabled financial services will become a pillar of the industry and business access is key to the long-term success of the global blockchain ecosystem. "
Cred joins the founding members of the Innovation Alliance Signum Capital, Singapore's largest blockchain fund; FBG Capital, an important fund for cryptocurrency and blockchain hedge; Roland Berger, a leading global strategic consulting firm; Huobi Labs, the research and construction arm of Huobi ecosystems, one of the largest cryptocurrency exchanges in the world; and Michael Arrington, an eminent Silicon Valley magnate and founder of TechCrunch and Arrington XRP Capital.
The Republic also joined the coalition, an investment platform regulated by FINRA under the SEC license; CertiK, a formal verification platform for the security of smart contracts and blockchain ecosystems; and Celer Network, a highly scalable off-scale operating platform for decentralized applications, at the start of this year.
