Blockchain investor coinIX invests in DEFYCA, a web3 return protocol, providing global access for DeFi investors to the private credit markets
EQS-News: coinIX GmbH & Co. KGaA / Keywords: Cryptocurrency / Blockchain/Investment
coinIX GmbH & Co. KGaA : Blockchain investor coinIX invests in DEFYCA, a web3 yield protocol, providing global access for DeFi investors to the private credit markets
29/09/2022 / 12:16 CET/CEST
The issuer is solely responsible for the content of this announcement.
Blockchain investor coinIX invests in DEFYCA, a web3 return protocol, providing global access for DeFi investors to the private credit markets
Hamburg, 29 September 2022 – The Hamburg-based investment company coinIX GmbH & Co. KGaA, which specializes in investments in digital assets and blockchain technology, is investing in DEFYCA.
DEFYCA is a Luxembourg-based company that bridges the gap between DeFi (Decentralized Finance) and TradFi (Traditional Finance) by enabling investors to invest in traditional bond and loan portfolios via tokenized assets. Via the Web3 protocol, both individual loans and corporate loans can be securitized and made investable as crypto-assets. The DEFYCA protocol thus gives investors access to the private debt asset class and opens up the private credit markets to accredited investors seeking real, secure and stable returns on a global basis.
With its platform, DEFYCA solves problems from two worlds. The DeFi market is known for its volatility, and there are only a few ways to invest stablecoins in the short term and get a stable return. In the traditional credit market, continuous trading does not exist, and it is characterized by long and manual processes.
On the DEFYCA protocol, tokenized bonds are issued and structured into a liquid asset class on the blockchain that can be traded around the clock. Price discovery, liability matching, settlement and payment flows are performed automatically through smart contracts. This saves costs and time for the issuer and gives DeFi investors the opportunity to earn more stable returns on stablecoins. The bonds are issued by traditional SME financing platforms, corporate bond aggregators or private debt funds.
The protocol is specifically designed to remove counterparty risk in trades, with instant delivery versus payment (DvP) settlement, specially secured MPC custodian wallets at Fireblocks, an established crypto custodian, and treasury accounts provided directly at Circle, the stablecoin issuer. Together, this reduces risk and enables all participants to invest and trade with fixed income on the blockchain.
Alex Garmash, co-founder of DEFYCA: ”We are happy to receive the support and backing of coinIX in our seed round at DEFYCA. Our mission is to unlock access for the DeFi community to invest and trade the lucrative private credit markets. coinIX is uniquely positioned to support the business as it goes to market, with their knowledge and activity in the private credit markets and their deep investment portfolio in DeFi and DLT.”
Susanne Fromm, CEO of coinIX: “In the crypto market we see a lot of DAOs sitting on huge government bonds that they want to invest in stable assets with low volatility. In June alone, the MakerDAO community voted to invest $500 million in short-dated US Treasuries. This shows how much demand there is for interest on the blockchain. And it is this requirement that DEFYCA’s protocol is aimed at.”
Press contact: Susanne Fromm, CEO, [email protected], +494035676758
Investor Relations: Felix J. Krekel, CFO, [email protected], +494035676758
DEFYCA press contact: Alex Garmash, co-founder, [email protected]
About coinIX GmbH & Co. KGaA
coinIX GmbH & Co KGaA, based in Hamburg, is a listed investment company and has been investing in the broad spectrum of blockchain innovation since 2017. This includes both the next stage of digitization in traditional industries as well as new fields such as decentralized finance. (DeFi) or NFT/Metaverse projects. Here, coinIX invests in start-up shares, early token projects and liquid cryptocurrencies. It offers one share, which is traded on the open market of the Düsseldorf Stock Exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: XCX). www.coinix.capital
29.09.2022 CET/CEST Dissemination of a company news, transmitted by EQS – a service of EQS Group AG.
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