Blockchain
DeFiner Launches ‘Taurus’, the Decentralized Crypto Savings Platform Offering Up to 30% Interest
DeFiner.org, the decentralized finance (DeFi) network for crypto savings, loans, and payments, has today launched Taurus, its crypto savings product, with $2m already locked into saving accounts. Taurus, which launches to today as a web application, allows customers to instantly deposit assets to accrue interest at a floating market rate, with savings currently earning an average interest of 20-30% APR.
Jason Wu, Co-founder and CEO of DeFiner, said, “The launch of our crypto savings product comes at a very fitting time for our community and users. We can’t wait to see users benefit from a trustless savings account, supporting many crypto assets and stablecoins, that allows them to deposit savings instantly, withdraw at any time, and accrue interest.”
Among the core features of DeFiner’s Taurus product is a non-custodian, trustless savings account, supporting over 15 crypto assets and stablecoins, enabling users to deposit savings instantly, withdraw at any time, and earn interest on assets. Primary customers for DeFiner’s crypto savings product will include blockchain start-ups, individual investors, and venture capitalists, all of whom can benefit from a DeFi network aiming to bypass the shortcomings of conventional financial services, without sacrificing security requirements and preserving online safety using an immutable blockchain.
Taurus supports over 15 different crypto assets and stablecoins, including ETH, DAI, USDC, and DeFiner’s native token, FIN. The recently launched FIN token is designed to connect the DeFiner ecosystem. The FIN token is used to redistribute profits on the DeFiner network, provide proof of premium for lending and borrowing assets, and represent voting rights for users.
Wu concluded, “The traditional financial system is broken — it battles control from centralized institutions, upholds prolonged trading shut down periods, and offers people near-zero interest on their savings. By introducing true decentralization, we can take back financial control of our wealth. We are proud to provide a highly secure, superior savings platform that is not subject to the limits of conventional financial services.”
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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