Cardano Teams Up for DeFi Development Boost

Cardano Teams Up for DeFi Development Boost

Cardano is partnering with Swiss fintech company Acredius to expand smart contract development and increase DeFi services on its network, allowing users to invest in Swiss businesses using Cardano’s ADA token.

  • Development on Cardano (ADA) has increased significantly. 
  • The POS chain has surpassed expectations by adding over 1,000 smart contracts to its network. 
  • Cardano (ADA) is now partnering with a Swiss fintech company to empower Decentralized Finance development on its network. 

The Cardano (ADA) development team is dedicated to expanding and enhancing the capabilities of its network. In 2023, the Proof-of-Stake (POS) chain made many of progress in solidifying its reputation as a prominent player in the Decentralized Finance space, surpassing expectations by deploying over 1,000 smart contracts. 

To keep the momentum going, Cardano (ADA) has partnered with one of Switzerland’s most reputable fintech corporations to further increase smart contract development on its network and make Cardano-based Decentralized Finance services available to more users. 

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Expanding Cardano’s Decentralized Finance ecosystem

On May 19,  Acredius, a Swiss fintech company, announced on Twitter platform that it is launching a Decentralized Finance protocol in collaboration with the Cardano (ADA) Foundation on the POS network. The Web 3.0 company intends to leverage Cardano (ADA) smart contracts to expand its fundraising business as part of its “commitment to supplying cutting-edge technology and solutions for its users.” 

Acredius users can use Cardano’s ADA crypto 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. 

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In addition to empowering Swiss enterprises, Acredius likewise looks to increase smart contract development on Cardano (ADA) by joining its dApp ecological system. The fintech company intends to leverage the Cardano (ADA) blockchain tech for its security, transparency, and capacity to encourage financial inclusion. 

Ghassen Benhadjsalah, Co- Founder & CEO at Acredius, shared his opinions on the partnership: 

“We are  happy to join forces with  Cardano (ADA), a leader in the  blockchain tech space. This collaboration will benefit both parties and ease access to marketplace lending. Our client’s needs and expectations are evolving. We strive to be at the forefront of innovation in the marketplace lending industry.” 

The other side

Why This Matters

The collaboration marks a whole lot of milestone for both the fundraising industry and Cardano’s real-world strategy. With Acredius joining the Cardano (ADA) ecological system, investors and enterprises can access easy-to-use tools to optimize and decentralize their fundraising processes.

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Read what Cardano’s founder must say about the Ledger controversy: 

Cardano (ADA) Founder Charles Hoskinson Reacts to Ledger Controversy: “ Do not Break Social Contracts”

Read more about Decentralized Finance on Cardano: 

Cardano (ADA) Gears Up to Catch Ethereum (ETH) as it deploys 1K Smart Contracts in 2023


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