Subscribe to Our Newsletter
Wednesday July 06, 2022
Bitcoin (BTC) $20,097.00   Ether (ETH) $1,134.54
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Vendor Technology

Keon selects Algorand as L1 solution for regulated DeFi asset management ecosystem

Published by CryptoNinjas.net
06/09/2022
Keon selects Algorand as L1 solution for regulated DeFi asset management ecosystem

The directors of the Keon Foundation, which will serve as the virtual asset service provider (VASP) for the Keon Finance Ecosystem (Keon), announced today it will go with Algorand as its layer-1 blockchain.

Keon’s initial focus will be on the development of KeonX, a permissioned, decentralized exchange created to be one of the lowest-cost DEXs available, as well as the introduction of KeonFi. In this marketplace, investors can explore and subscribe to investment strategies and maintain custody of their assets.

A derivatives DEX (KeonXD), IDO LaunchPad, Farm Auctions, and the Keon NFT marketplace are among the ‘Phase 2’ products that will form a broader Keon Finance Ecosystem, all leveraging Algorand. Moreover, the Keon Foundation plans to apply for a digital assets business license in Bermuda once the protocol is built, which will allow users to access regulated products and services.

Kunall Parmar, CTO of the Keon Foundation

“We evaluated a number of other chains, but none of them compared to Algorand. Given the complexity of the Keon Ecosystem and our ambitious plans for growth, we found them to offer the best technology. Algorand’s ASA token standard and its programming infrastructure are more robust and offer increased features, flexibility, and security over other level-1 blockchains, which is a significant advantage in the regulated space. Additionally, Algorand has had 0% downtime. That level of dependability is essential if we want institutions to participate.”
– Kunall Parmar, Chief Technology Officer of the Keon Foundation

The Keon Foundation expects completion of the KEON token and smart contracts by early Q3 2022.

“We’re excited to welcome the Keon Foundation to the ever-growing Algorand ecosystem,” stated Keli Callaghan, Head of Marketing at Algorand. “It’s great to see yet another organization leveraging best-in-class technology to accelerate tokenized asset management at the institutional level.”

67
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Algorand oracle network Goracle teams with blockchain development firm HEADLINE

06/14/2022
Algorand oracle network Goracle teams with blockchain development firm HEADLINE

Goracle (recently re-branded from Algoracle), a decentralized oracle network that is built on Algorand, has announced a new partnership with HEADLINE, a Texas-based blockchain development company. HEADLINE is the creator of developer tooling on...

Read more

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Algoracle, a decentralized oracle network that links the Algorand blockchain to the physical world, announced today it recently closed a seed funding round for $1.5 million (USD) to help accelerate the development and launch...

Read more

Latest Algorand upgrade includes quantum-secure keys and enhanced smart contracts

03/03/2022
Latest Algorand upgrade includes quantum-secure keys and enhanced smart contracts

Algorand, a next-gen blockchain application network, today announced a major release that will empower the creation of more sophisticated apps while marking a milestone for its cross-chain interoperability. Developers are now able to build...

Read more

Algorand cross-chain bridge platform Glitter Finance to utilize Algoracle data feeds

03/01/2022
Algorand cross-chain bridge platform Glitter Finance to utilize Algoracle data feeds

Algoracle, a decentralized oracle network built on the Algorand blockchain, announced today a partnership with Glitter Finance, a cross-chain bridge that allows the redeployment of a portion of locked tokens (collateral) on one chain...

Read more
Load More
Leave Comment

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
KyberSwap DEX introduces new trading leaderboard feature

KyberSwap DEX introduces new trading leaderboard feature

07/05/2022
Professional crypto software suite 1Token adds support for Derbit derivatives

Professional crypto software suite 1Token adds support for Deribit derivatives

07/05/2022
Most consequential Cardano upgrade since smart contracts readying for launch

Most consequential Cardano upgrade since smart contracts readying for launch

07/04/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy