Happy

2024

DeFi

OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, has announced its role as a founding member of SOFA.org. 
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 Happy to announce OKX Ventures becomes a founding member of <a href="https://t.co/lu3f0ExbDa" target="_blank">https://t.co/lu3f0ExbDa</a>, <a href="https://twitter.com/SOFAorgDAO?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@SOFAorgDAO</a> an open-source and non-profit DAO focused on facilitating atomic, blockchain based settlements of financial assets.<a href="https://t.co/BvRmwSJxir" target="_blank">https://t.co/BvRmwSJxir</a> <a href="https://t.co/X77T3hqfST" target="_blank">pic.twitter.com/X77T3hqfST</a>— OKX Ventures (@OKX_Ventures) <a href="https://twitter.com/OKX_Ventures/status/1801449819321549280?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 14, 2024</a>
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As per the <a href="https://www.prnewswire.com/news-releases/okx-ventures-becomes-founding-member-of-sofaorg-to-support-development-of-an-on-chain-settlement-framework-for-crypto-structured-products-302172001.html" target="_blank" rel="noreferrer noopener">announcement</a>, SOFA.org is an open-source, non-profit decentralized autonomous organization (DAO) focused on creating a DeFi ecosystem for atomic, blockchain-based settlements of financial assets. 
OKX Ventures’ goal with this collaboration is to help establish a safe, industry-wide on-chain settlement system. This endeavor is viewed as critical to the next wave of growth in real-world asset (RWA) tokenization. 
On June 7, SOFA.org’s first protocol opened its mainnet, providing a transparent, request-for-quote (RFQ)-driven marketplace for crypto-structured products. The protocol facilitates transactions between depositors and market makers using pre-built decentralized applications (dApps) and standardized vaults. 
By transferring assets to smart contract vaults that operate as on-chain custodians, the protocol removes counterparty concerns and assures maximum security. Users can also increase their yield by using several items that provide great downside protection. 
Furthermore, important instrument parameters are immutably recorded on the protocol at the smart contract level, allowing for the tokenization of real risk positions that are recognized by both DeFi and CeFi platforms. Tokenization of risk positions increases the efficiency of DeFi capital and benefits both the DeFi and CeFi sectors. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/03/15/okx-ventures-backs-depin-in-ai-and-decentralized-network/" target="_blank" rel="noreferrer noopener">OKX Ventures Backs DePIN in AI and Decentralized Network</a> 
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OKX Ventures Partners with SOFA.org for DeFi Settlements

The Crypto Times

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