Verified Network is about to bridge the gap between CeFi and DeFi on Balancer
The team at Balancer Grants DAO is proud to announce the approval of the grant application by Verified Network to enable CeFi securities on Balancer V2.
Verified Network is a blockchain powered network of regulated financial service providers such as registrars and transfer agents, custodians and brokerages across multiple countries thereby making it possible to bring CeFi security issuances onto DeFi liquidity pools. The scope of the grant includes building a custom Balancer pool, open sourcing all of pool code and launching it on mainnet!
With Wave 2 of our grants starting, it is cool to see yet another type of custom Balancer pool being built, truly showcasing the modularity of Balancer as a Money Lego. Verified Network will bring another building block into the Balancer Ecosystem! — Zeb, Grant Lead
We are very excited to build on the Balancer protocol to enable access to Decentralized Finance (Defi) for traditional, regulated financial services intermediaries and investors. Verified is committed to transforming the financial industry and realizing the potential of blockchains to help create a world where people have more control, freedom and direct access to capital markets. — Peter Keller, Business head
About Verified Network
The Verified Network is a decentralized network of regulated financial service providers across Europe and Asia that enable issuing of regulation compliant securities that are tokenized and distributed on DeFi platforms for investments and trading.
The Verified Network provides applications and also a Software Development Kit (SDK) for investors, registrars and transfer agents, custodians, brokerages and asset managers to integrate their existing systems for origination, investment, and trading of private assets and unlisted securities.
About Balancer Grants
The BAL Grant program is one way BalancerDAO promotes the development of the Balancer Protocol and Ecosystem.
The BAL Grant program provides support and funding ($1K — $75K) to projects committed to supporting Balancer Protocol in achieving its mission to become the number one source for Decentralized exchange trades. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on the Balancer Protocol.
Apply now!
If you are interested in supporting the development of the Balancer Ecosystem or want to build on top of the Balancer Protocol, this is your chance! Get started by filling in the Grants Application form.
For further questions about how the Grants DAO works, check out the grants page, follow us on Twitter, or send an email to grants@balancer.community.
