Bluejay Finance partners with Silta Finance to expand sustainability efforts to South East Asian investors
Traditional infrastructural funding has long been known to be bureaucratic, expensive, and lacking focus. Primarily plagued with complex financing mechanisms, sustainability projects that require large amounts of public funding can easily become forgotten and abandoned.
Thanks to the rise and popularity of DeFi protocols, Silta Finance aims to eliminate this bureaucracy so that more private investors are able to fund real world assets, with a strong focus on infrastructure that benefits both the environment and the society.
How Bluejay Finance is partnering with Silta
In order to expand their sustainability efforts and allow South East Asian investors safe exposure to the infrastructure market, Silta Finance has partnered with Bluejay to explore using its local stablecoins to be deployed in third-party DeFi loan pools.
Bluejay supports Silta Finance’s mission in bringing real world assets into DeFi as it provides another avenue for crypto investors to explore. Overall, partnering with Silta Finance aids in bringing more real-world case studies into crypto.
According to Ben Sheppard, co-founder of Silta Finance, “Bluejay Finance is an incredibly interesting project for Silta, because they are developing several South-East Asian stablecoins that would be relevant for our project borrowers around the region. Using their locally denominated stablecoins would solve the issue of foreign exchange rate risk for borrowers, thus making the cost of capital more attractive.”
About Silta Finance
Silta DAO steers DeFi towards sustainability-focused developers of real-world assets (RWA). Silta is paving the way for community-led, decentralized due diligence and impact assessment in project finance. The Silta Score represents the risks and impacts of a particular RWA project. DeFi protocols can use the Silta Score to give lenders insights into the use of funds and risks associated with a project. Find out more at silta.finance
About Bluejay Finance
Bluejay Finance is building an Asia-focused capital-efficient protocol for multi-currency stablecoins. The aim is to mirror the foreign exchange market in the fiat world onto the blockchain, in order to accelerate financial inclusion and access to DeFi for all users and businesses. Bluejay’s stablecoins — like the synthetic version of the Singapore Dollar, Philippine Peso, etc. — are distributed through partners like DeFi protocols, decentralized exchanges, centralized exchanges, fintech companies, and allow end users access a more inclusive, locally-familiar medium of exchange that limits foreign exchange risk and exchange fees.
