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Dutch fintech startup Dusk Network snags over $1m

iFinex Inc has invested over $1 million in Dusk Network.

iFinex Inc has invested over $1 million in Dusk Network. Based in Amsterdam, Dusk Network is a fintech startup.

PRESS RELEASE

Amsterdam, September 1 9:00 AM UTC – Amsterdam-based fintech scale-up Dusk Network has made a major step towards delivering innovative financial products and services in the blockchain ecosystem after iFinex Inc., invested over US$1 million in the project. The collaboration paves the way to creating a regulated Security Token exchange.

When Dusk Network launches, it will be part of the first regulated security token exchange that combines the traditional financial industry with the blockchain ecosystem. Paolo Ardoino, CTO at Bitfinex, has followed the venture closely since the very beginning. “When launched, Dusk Network will be among the compliant blockchain platforms for securities,” he said. “Dusk Network will bring the benefits of tokenization to the regulated market.’’

The collaboration is timed perfectly with the latest sector trend: DeFi, or Decentralized Finance. The DeFi movement advocates the use of technology such as blockchain to transform the financial sector into a fair and affordable place for all kinds of businesses and investors. The know-how and user base of Bitfinex, the digital asset exchange owned by iFinex Inc., and the compliance and technology of Dusk Network, are closely aligned with the DeFi philosophy.

By partnering with established financial institutions, Dusk Network is solidifying Amsterdam’s position as one of the world’s most important financial hubs. Jelle Pol, Business Director at Dusk Network, said: “With iFinex Inc.’s involvement, we add the experience and user base of one of the largest successful entities in the blockchain industry.“

Through the digitization of securities, the exchange project is designed to bring liquidity and transferability to assets. It will allow wider, qualified investor audiences to partake in previously inaccessible opportunities and bring wholly new assets to market. The profile of the assets that can be listed include products such as Exchange Traded Funds (ETFs), commodities, shares and bonds, as well as novel assets native to the blockchain.

About Bitfinex
Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more..