Alameda Research Strategically Partners with Orbit Chain
We are excited to announce today that Orbit Chain has finalized a strategic investment from Alameda Research to further research and development in the field of cross-chain DeFi.
This investment will see Orbit Chain and its holding company, Ozys, expand the reach of their proprietary cross-chain DeFi technology from South Korea to the global blockchain market.
As it currently stands, Asia’s DeFi market remains underdeveloped in comparison to other parts of the world. Ozys and Orbit Chain are spearheading the development of DeFi in Asia by offering all things DeFi, from a cross-chain bridging protocol, yield farming, and AMM swap services.
The highly functional cross-chain bridging protocol offered by Orbit Chain, in particular, is expected to benefit significantly from this exposure, as it is currently the most advanced solution bridging the largest number of heterogeneous blockchains in the world.
The tie also opens mid to long term possibilities of Alameda’s various assets leveraging Orbit Chain for enhanced cross-chain features as well as increased exposure in the Korean market.
“We are excited for the new advancements that will be made possible in the field of DeFi as a result of this partnership,”
- T.K. Park, CEO of Ozys and the Orbit family of products
About Alameda Research
Alameda Research requires little introduction. Founded in 2017, Alameda Research is the brainchild of Sam Bankman-Fried, who is also the CEO of FTX.com. Alameda Research manages over $100 million in digital assets and trades $600 million to $1.5 billion per day across thousands of products. Currently, Alameda Research is backing some of the most technologically advanced solutions in the blockchain industry such as Solana, FTX, Serum, Raydium, Bonfida and more.
About Ozys & the Ozys family of products
Ozys is the team behind Orbit Chain. Founded in 2017, Ozys is a South Korea-based blockchain technology company focused on a singular goal — to make blockchain easily accessible to all. The culmination of this goal is Orbit Bridge, a cross-chain powered asset transfer platform that allows for communication between different blockchain Mainnets, all completely decentralized.
Orbit Bridge has proved itself to be the standout cross-chain protocol in DeFi. Since its launch 7 months ago, it has bridged over $5B worth of assets across different chains, a feat unmatched by any other decentralized service. It currently bridges heterogeneous chain assets across Ethereum, BSC, HECO Chain, Polygon, Klaytn, ICON, and Ripple. It will power cross-chain transactions between stablecoin assets as the next significant step in its development.
Orbit Chain is at the core of it all, serving as a multi-asset hub blockchain that stores, transfers and verifies information and assets which exist on various public blockchains through decentralized cross-chain communication. Orbit Chain also supports over 8 public chains including Bitcoin, Ethereum, Ripple, Tron, Klay, and Terra.
The team behind Orbit Chain, Ozys, has also created leading DeFi projects including Belt Finance on Binance Smart Chain (BSC) and HECO Chain, and KLAYswap on Klaytn. Ozys is a member of the Klaytn Governance Council alongside multinational businesses and organizations including Binance, Huobi, MakerDAO, LG Electronics, and Kakao.
Alameda Research, in becoming a key partner of Orbit Chain, will bring the aforementioned Orbit Chain family of services to the global blockchain ecosystem, opening a new chapter in the world of DeFi. We are very excited for the future this partnership holds.
- Alameda Research : https://www.alameda-research.com/
[Official sites & communities]
- Orbit Bridge: https://bridge.orbitchain.io
- KLAYswap: https://klayswap.com
- KLAYstation: https://klaystation.io
- Orbit Chain : https://orbitchain.io
- Orbit Chain Global Telegram: https://t.me/OrbitChainGlobal
- Orbit Chain Twitter: https://twitter.com/Orbit_Chain
- Orbit Chain Discord: https://discordapp.com/invite/PJzE63A
