just now
September 20, 2020 - DMALINK, the emerging markets focused ECN, and WeOwn, the self-service digital platform helping SMEs manage investor engagement, have today announced a key strategic partnership in the institutional Decentralised Finance (DeFi) space.
Both companies believe that the partnership is set to be a game-changer for decentralised finance for digital assets. Initial plans revolve around combining low latency trade execution and real-time settlement and clearing of digital assets via a decentralised multi custodian hybrid blockchain.
The objective is to develop a solution based on WeOwn and DMALINK’s existing technology stacks, where client assets are held by custodians and tokenised onto the custodial blockchain ledger, thereby integrating into the full lifecycle of a trade. It is understood that DMALINK and WeOwn are now actively seeking Digital Asset custodians to participate in this project.
Manu Choudhary, CEO at DMALINK says: “The vast majority of DeFi projects are built on Ethereum (ETH). ETH, however, is not a stable and enterprise-friendly protocol and has shown itself to be incapable of scaling for institutional purposes and larger financial markets. Which is why we are so excited to work with WeOwn, who took the bold move to build their own stable and scalable protocol. Our goal is to develop a hybrid platform that is highly-scalable, performance-driven and focussed on transparency & decentralisation.”
Sascha Ragtschaa, CEO of WeOwn explains: “We are excited that this collaboration with DMALINK will ultimately result in the creation of the first European cross-asset decentralised exchange (DEX). With this novel structure, our ambition is to eliminate all counterparty, clearing and settlement risks and be able to execute and settle trades within milliseconds between multiple custodians. By removing intermediary costs, we can pass on those savings directly to our clients. This is a great initial use case and will bring major volume onto our platform and exchange from day one and greatly enhance our service offering for existing partners, clients and the SME market we are serving.”
WeOwn is an innovative digital platform that helps SME’s better manage their investors and stakeholder engagement. WeOwn enables companies and investors to conduct their entire relationship – including voting – securely online. For businesses looking for funding, WeOwn provides access to peer-to-peer lending and equity financing. WeOwn offers SME’s the benefit of end-to-end digital capital solutions and a secondary marketplace for increased traction with investors.
DMALINK is a data-centric ECN for professional Foreign Exchange traders with proprietary IP that is being leveraged for the DeFi partnership with WeOwn.
