- Development on Cardanoย (ADA) has increased significantly.ย
- The POS chain has surpassed expectations by adding over 1,000 smart contracts to its network.ย
- Cardanoย (ADA) is now partnering with a Swiss fintech company to empower Decentralizedย Finance development on its network.ย
The Cardanoย (ADA) development team is dedicated to expanding and enhancing the capabilities of its network. In 2023, the Proof-of-Stake (POS) chain made manyย of progress in solidifying its reputation as a prominent player in the Decentralizedย Finance space, surpassing expectations by deploying over 1,000 smart contracts.ย
To keep the momentum going, Cardanoย (ADA) has partnered with one of Switzerlandโs most reputable fintech corporations to further increase smart contract development on its network and make Cardano-based Decentralizedย Finance services available to more users.ย
Expanding Cardanoโs Decentralizedย Finance ecosystem
On May 19,ย Acredius, a Swiss fintech company, announced onย Twitterย platform that it is launching a Decentralizedย Finance protocol in collaboration with the Cardanoย (ADA) Foundation on the POS network. The Webย 3.0 company intendsย to leverage Cardanoย (ADA) smart contracts to expand its fundraising business as part of its โcommitment to supplying cutting-edge technology and solutions for its users.โย
Acredius users can use Cardanoโs ADA cryptoย token to invest in registered Swiss enterprises on the new platform through this partnership. Additionally, the Swiss company has promised to launch a secondary market for users to liquefy their assets and enjoy greater flexibility.ย
In addition to empowering Swiss enterprises, Acredius likewise looks to increase smart contract development on Cardanoย (ADA) by joining its dApp ecologicalย system. The fintech company intendsย to leverage the Cardanoย (ADA) blockchainย tech for its security, transparency, and capacity to encourage financial inclusion.ย
Ghassen Benhadjsalah, Co- Founder & CEO at Acredius, shared his opinionsย on the partnership:ย
โWe are happyย to join forces with Cardanoย (ADA), a leader in the blockchainย tech space. This collaboration will benefit both parties and ease access to marketplace lending. Our clientโs needs and expectations are evolving. We strive to be at the forefront of innovation in the marketplace lending industry.โย
The other side
Why This Matters
The collaboration marks a wholeย lotย of milestone for both the fundraising industry and Cardanoโs real-world strategy. With Acredius joining the Cardanoย (ADA) ecologicalย system, investors and enterprises can access easy-to-use tools to optimize and decentralize their fundraising processes.
Read what Cardanoโs founder must say about the Ledger controversy:ย
Cardanoย (ADA) Founder Charles Hoskinson Reacts to Ledger Controversy: โ Doย not Break Social Contractsโ
Read more about Decentralizedย Finance on Cardano:ย
Cardanoย (ADA) Gears Up to Catch Ethereumย (ETH) as it deploys 1K Smart Contracts in 2023
