Verified Network is taking it to the next level with its second Balancer Grant!
The team at Balancer Grants subDAO is proud to announce the approval of the second grant application by Verified Network to build out their custom Balancer pools.
Verified has been working with Balancer to develop custom pools for issuing and trading regulation compliant security tokens. The custom pools integrate traditional financial service workflows with Balancer’s decentralized exchange. The custom pool for issuing new security tokens to raise capital by businesses is launching soon. And with the 30k Balancer grant, Verified will implement a custom pool for trading already issued and subscribed security tokens. Such secondary trading will provide much needed liquidity for tokenized alternative assets on the Verified Network.
As we look across the growing landscape of decentralized finance, it’s extremely exciting to see partners like Verified further the development of compliant security token trading. Verified has found a use case for Balancer technology that provides a dual benefit — facilitates their innovative compliance subscription construct as well as fostering liquidity in traditional assets. Helping support and empower Verified fits into our mission to facilitate a more compliant, global, transparent, accessible and secure financial marketplace for all assets. — Jared Diamond, Head of Business Development & Capital Markets, Balancer
We are very excited to work with Balancer to further develop custom pools for secondary trading of security tokens. Such trading and settlement will be compliant to regulations with regulated financial services providers on the Verified Network servicing assets that are issued and traded. We are looking forward to enabling liquidity on Balancer for tokenized alternative assets such as private equity, debt, and asset backed securities, and also enable traders on Balancer diversify their digital asset portfolio with tokenized alternative assets that offer a competitive return on investment. — Kallol Borah, Product head, Verified Network
About Verified Network
The Verified Network is a global, decentralized network of regulated financial service providers that enable issuing of regulation compliant securities that are tokenized and distributed on Defi platforms for investments and trading.
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. You can also check out our RFP page for inspiration!
Do you have marketing/sponsorship related opportunities you would like to discuss? Please check out the Marketing subDAO here and its own application form here.
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.
