Old Mutual Wealth and Inves Capital to Inject Liquidity Into ZARP Network
South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently announced their intention to financially support the ZARP stablecoin project, as well as to promote its use in decentralized finance protocols.
According to a report by Globalcrypto TV, the planned injection of “substantial” liquidity into the ZARP network will further strengthen the relationship between Old Mutual Wealth and the stablecoin project. Since September 2022, Old Mutual Wealth has been managing the cash reserves of the stablecoin project.
Positive Outlook for Crypto Growth
Inves Capital’s managing director, Simon Dingle, stated that the decision to enhance support for the stablecoin reflects a belief in the potential growth of crypto and the central role that ZARP is expected to play. The recent designation of crypto assets as a financial product in South Africa may have also influenced this decision.
Focusing on the positive applications of technology has made it easier for Old Mutual Wealth to extend its partnership with the stablecoin project, according to Farhad Sader, managing director of Old Mutual.
Hot Take: Embracing Crypto’s Potential
South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is entering a new phase” of growth and ZARP is set to “play a central role.”
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