RigoBlock Announces Partnership With bZx

Today, we are pleased to announce the collaboration with the bZx, the first decentralized margin lending protocol on the Ethereum mainnet.

bZx allows for decentralized token lending and borrowing, enabling the pool operators of the RigoBlock network to create hedging strategies by borrowing tokens and improve the liquidity of the bZx ecosystem by lending portfolio tokens. At the same time, bZx users will be able to access decentralized asset management through the integration of RigoBlock’s asset management tools.

The collaboration will constitute one of the base pillars for decentralized open finance. It will also pave the way for traders accessing better protocols for token trading and management. This will be beneficial for developers and platforms looking to offer token trading and asset management.

Kyle J Kistner, bZx’s Co-Founder & CVO stated:
“Asset managers need to be able to go long on assets, go short on assets, and capitalize on the time value of their holdings in order to maximize their returns. We see decentralized asset management as one of the core use cases of our protocol, especially as the industry matures and passive investment strategies gain a marketshare similar to that of traditional financial markets.”

Potential integration between bZx and RigoBlock are:

• to provide liquidity to the bZx liquidity book through RigoBlock;
• create hedging strategies through bZx;
• to offer asset management to the bZx network through RigoBlock.

This partnership is a further move forward the decentralization of the asset management industry. Through integration of the protocols, bZx’s users will be able to monitor, create and invest in decentralized token pools by using RigoBlock’s asset management tools.

“We are excited to work with bZx on the integration of two open protocols to bring additional value to the decentralized applications space. I am confident that Rigoblock and bZx collectively constitute complementary products which help platforms leverage on easy-to-integrate decentralized solutions, leading the open finance revolution.”

— Gabriele Rigo, Founder of Rigoblock

Our vision is to decentralize asset management, making it more efficient and universally accessible. Hence, RigoBlock is working on many more partnerships and integrations which will be announced soon.