Becoming a licensed Foundation — ADA Finance takes the next steps forward for real-world solutions!
The ADA Finance platform has been positioning itself within the Cardano ecosystem in anticipation of the next coin launch (December 2021). As ADA Finance chooses to become a licensed foundation, it supports the Cardano mission and principles in real-world solutions. As a result, it is taking the necessary steps with an official institutional approach.
Why move towards becoming a foundation?
The advantages of being a licensed foundation include the opportunity to collaborate actively with real-world solution ecosystems and initiatives. ADA Finance wants to make a difference in the world, hence its steps in becoming ‘RealFi’. The company will be able to open several fiat bank accounts and look towards an e-money license for the foundation, allowing it to help bank the unbanked. Multiple jurisdictions are being considered for registering the foundation. To prepare for the license application procedure, the people that are in the token sale stages will be required to perform KYC.
Due to this, all investors in the presale rounds were notified by email of the changes that took place and were urged to take action so that all new requirements can be addressed. With this, ADA Finance can move to the next stage of growth.
Partnering with a liquidity provider
One of the most crucial components of any market or asset is liquidity. Liquidity is critical since it has a significant impact on asset values. Simply put, liquidity refers to the capacity to buy or sell assets in the market without creating a significant price movement.
Decentralized exchanges rely on liquidity pools. A liquidity pool is a collection of funds held in a smart contract that can be used for decentralised trading, lending, and other purposes.
The company is in the final stages with its talks to a renowned liquidity provider. The goal is to agree on 100m $ TVL, from the liquidity provider, on ADAFi Swap, with options to scale those numbers. This will cause a major positive impact on the ADAFi ecosystem.
ADA Finance with a B2G approach
We believe that the B2G (Business to Government) and RealFi is a more realistic approach. With RealFi, we can build a more secure, innovative, and interesting system with better standards and regulation than the typical DeFi system, being able to serve the right markets, real people, and real finance.
Real finance for those who actually need new ways to receive money, bringing the real value that DeFi typically lacks. RealFi is a product ecosystem that eliminates friction between crypto liquidity and real-world economic activity in order to provide crypto investors with attractive yields and real-world consumers with lower-cost credit and financial goods.
By unleashing genuine economic value at the conclusion of the transaction chain: personal identity, Cardano completes the financial jigsaw puzzle.