Aug 16, 2021 • 3 min read

Institutional Capital Access To Elrond Assets Via The Compliant Gateway Built by AllianceBlock

Daniel Serb
Daniel Serb
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We have started a partnership with AllianceBlock, to integrate their protocol with the Elrond Network and offer compliant access to Elrond assets and DeFi products.

With the core mission to bridge the worlds of traditional and decentralized finance, AllianceBlock is developing a multi-layered L2 protocol that is designed to offer KYC, data governance, privacy, and all the elements required to elevate DeFi protocols to fully compliant products that traditional market actors can engage with.

At the end of the integration, financial institutions will be able to leverage assets issued on the Elrond Network for working with capital without barriers or borders, via regulated digital asset offerings, compliant P2P lending for institutional clients, regulated digital derivatives, and more.

In the near future, our partnership will include the deployment of the AllianceDEX on the Elrond Network, which will feature great control over impermanent loss and Liquidity Mining as a service, growing access to immediate liquidity and expanding the reach of Elrond projects to additional markets.

The integration roadmap also prominently features the AllianceBlock’s Data Tunnel, a “Netflix of Data” that will enable Elrond users to monetize their data, unlock new income streams, generate value, and control how their confidential data is used, and by whom.

“The mission of DeFi products running on blockchain technology is to help the finance world evolve and elevate service offerings to match the high speeds, low costs, and 24/7 availability that are expected from a fully digitized global economy. The Elrond Network has been architected to be the backbone of such a high bandwidth financial system, and the AllianceBlock integration will help our technology and DeFi ecosystem to be merged seamlessly into traditional finance.” said Beniamin Mincu, Elrond Network CEO.
“Here at AllianceBlock, we pride ourselves on the fact our partnerships are based on real tech and are always mutually beneficial. By extending our funding, interoperability, and data ownership solutions to Elrond, we’re contributing to the growth of their rich ecosystem of dApps. At the same time, we’re inviting yet another amazing project and community onto AllianceBlock’s platform and product suite. This is just step one. We look forward to giving our strategic input on how to grow and position the Elrond ecosystem in a way that makes it easy for institutional liquidity providers to enter their market.” said Rachid Ajaja, AllianceBlock CEO and Founder.

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About AllianceBlock

AllianceBlock is bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi), by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.

Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects, and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.