AllianceBlock, a compliant decentralized capital market, announced today the integration of its DeFi product suite into Avalanche, an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.
Upon completion of the integration, users will be able to access AllianceBlock’s DeFi Investment Terminal, compliant P2P financial services, NFT capabilities, trustless KYC and identity verification solutions, and derivative pricing engine and analytics on Avalanche.
AllianceBlock will also strategically collaborate with Ava Labs, the team supporting Avalanche development, to expand the impact AllianceBlock and Avalanche can have in bridging decentralized and institutional finance through its unique Regulatory & Compliance Layer.
Smart contract activity on Avalanche has boomed since the launch of the Avalanche-Ethereum Bridge (AEB) in February. During that time, smart contract transactions have increased by 1,956% to over 1,118,000, and unique wallets increased by 2,795% to top 62,000.
“Avalanche’s mission of empowering people to build an open, simple, and democratic internet of finance is right in line with what we are doing at AllianceBlock; our multifaceted blockchain-agnostic protocol enables banks and their clients to simply, safely, and legally trade any crypto product,” says Rachid Ajaja, CEO and Founder of AllianceBlock. “In becoming a key player in the Avalanche ecosystem, we will help drive our common goals, bringing the DeFi industry to new heights. We look forward to nurturing new, lasting relationships and to seeing the roll-out of our unique products, further enriching the AllianceBlock ecosystem.”
The AllianceBlock team is made up of ex-JP Morgan, Barclays, BNP Paribas, and Goldman Sachs investment bankers, combined with serial entrepreneurs and global leaders in software development and blockchain. Since its inception, AllianceBlock has been making strides in the DeFi industry from all angles, announcing partnerships and collaborations with Chainlink, Ocean Protocol, Injective Protocol, Orion Protocol, CertiK, and many more.