AlphaCoin Fund is a venture capital focused on investing blockchain technology and tokens. Since 2017, AlphaCoin has invested in over 80 leading blockchain technology projects both home and abroad, with a total investment amount in exceed of  90 million USD. Our investment team consists of professionals from backgrounds covering traditional and crypto venture capital investing, blockchain technology and crypto exchange operations.  AlphaCoin Fund has founded strategic partnerships with both top-tier venture capital institutions such as Zhen Fund, Sequoia Capital, Danhua Capital, etc and service providers . With its connections in the blockchain industry, AlphaCoin Fund has been long dedicated to building an orbicular industry chain with its partners, so as to provide value-added services such as technology assistance, business development advising, marketing, partnership building and exchange listing consulting.

AlphaCoin Fund

Global VC firm focused exclusively on digital currency and blockchain technology.

TGE Capital

Managing early-stage private equity and digital assets.

FJ Syndicates

Chainlink

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

QuantAMM offers a range of blockchain-based investment infrastructure products for traders and family office portfolio managers including Blockchain Traded Fund (BTF) infrastructure, strategy creation tools, and simulation engines. Users can create on-chain BFTs such as index trackers or hedge funds, which include native crypto and tokenized assets, and test each strategy using the platform’s backtest playground. The platform also enables users to automatically rebalance their funds with an in-built automated market maker (AMM).The company planned to launch version one of its platform on Ethereum's mainnet and Layer 2 solutions in Q2 2024. It also planned to launch cross-chain solutions and infrastructure tailor-made for institutional clients between 2024 and 2025.Funding and financialsIn April 2024, QuantAMM <a href="https://sp-edge.com/updates/28253">raised USD 1.85 million</a> in pre-seed funding from 8VC, Mako, Marshland Capital, and 369 Capital, among several others.

ThirdFi offers multi-chain interoperability and middleware solutions in the form of application programming interfaces (APIs) and software development kits (SDKs) for developers to build AI agents. These agents can be used for a range of DeFi operations such as automated trading based on predetermined criteria, predicting market trends by analyzing on-chain sentiment data, and maximizing yields. Users can also list their AI agents and access agents built by others via the protocol’s on-chain marketplace.&nbsp;The platform also enables individual users to earn rewards by becoming a data provider and connecting their own on-chain data such as wallet and social information to the protocol. This data is then encrypted and stored for use in the training of AI agents and an NFT-based decentralized ID is provided to each user to represent their ownership of the data used.&nbsp;

Giving creators the power of content monetization and audience engagement.

Creator Economy

<div>
 
 OneOf is a green NFT marketplace built on the Tezos and Polygon blockchains, where creators can feature their NFT collections within the music, sports, or lifestyle categories. The platform uses a proof-of-work network that costs significantly less energy than traditional networks, enabling transactions on the platform to not incur any gas fees. Platform features include the creation of NFTs with varying rarities, NFT collections, and NFT drops (which allow users to purchase a digital token experience from their favorite artists via cryptocurrency, debit/credit card, or marketplace credit). In June 2022, the company launched its &ldquo;Offers&rdquo; function, which lets users send, receive, and manage their NFT offers on the OneOf Marketplace.
 
 
 Key customers and partnerships
 
 
 Notable creators on the platform include musicians Doja Cat, G-Eazy, baseball player Nolan Ryan, and companies such as American Express and Gatorade.
 
 
 In August 2022, OneOf partnered with Globe Entertainment and Media to bring images of musicians, movie stars, comic book characters, and cultural events into the platform as NFTs. In January 2022, OneOf formed a white-label partnership with Warner Media Group (WMG) to create a range of NFTs for WMGs catalog of artists.
 
 
 Funding and financials
 
 
 In August 2022, the company raised USD 8.4 million in a funding round with participation from Amex Ventures and Chain Link Crypto Fund, among others. The funding was to be used for the development of its NFT platform. The company also raised USD 63 million in a seed funding round in May 2021.
 
</div>

A decentralized version of the web powered by the blockchain

Web3 Ecosystem

Based in Toronto, FilSwan is a cross-chain infrastructure provider that helps Web3 projects integrate decentralized storage, edge computing, and payment solutions across multiple chains. The company provides a multichain storage service, which is a smart-contract-based cross-chain storage gateway integrated with blockchain oracles that allows customers to use Filecoin and IPFS storage services across several blockchain networks. Users can pay for the services using stablecoins or other blockchain tokens. It also offers FS3, a bridge for migrating large-scale data from Amazon’s Simple Storage System to Filecoin.The company also provides a platform for users to find storage providers worldwide on demand, filtering them by region, price, and ranking. It also offers services for users and service providers to manage deals automatically.Key customers and partnershipsIn July 2022, FilSwan partnered with Nulink, a privacy solution provider for dApps, to integrate encryption and privacy services to its file storage system. In addition, it collaborated with metaverse gaming platform Knoknok in August 2022 to provide decentralized data storage and edge computing technology to power its metaverse.Funding and financialsThe company raised <a href="https://sp-edge.com/updates/15717">USD 3 million in a funding round </a>completed in January 2023, led by Binance Labs and SNZ Holdings, along with participation from the Filecoin Foundation and Chainlink. The fresh funds were geared toward product development and user acquisition

ThirdFi specializes in providing a comprehensive suite of tools and services designed to facilitate the development, trading, investment, and management of decentralized finance (DeFi) applications. With a focus on multi-chain interoperability, ThirdFi offers an API, SDK, and developer tools aimed at enhancing the DeFi ecosystem. The platform supports liquidity provision and token reward earning through its Earn API, catering to developers looking to build in the Web3 space. ThirdFi's infrastructure is tailored for the evolving needs of web3 finance, enabling seamless integration and operation across various blockchain networks.

Theoriq is a platform for unbounded AI innovation with a modular AI agent base layer.

Galaxis maintains an engagement platform that aims to transform and strengthen the relationship between creators and their communities. The company's platform assists creators by injecting simple NFTs with unique utilities that can expand and alter.

Hemera Protocol is a decentralized account-centric programmable indexing network.

Superlogic is the creator of a Non-Fungible Token (NFT) blockchain-based platform for the music industry. The company's platform allows customers to buy NFTs at a low cost or for free, market their businesses as environmentally, socially, and governance friendly, and target conscious music consumers, all while allowing them to use credit or debit cards in fiat currencies, cryptocurrencies, and stablecoins.

QuantAMM is supplying the liquidity and enhanced cryptocurrency exposure, conventional goods.

SatoshiSync is the chain agnostic protocol for inscriptions and BTC L2, simplifying BTCFi liquidity. It pioneers permissionless inscription markets on BRC20, enabling easy customization and one-click bridging to ERC20 or EVMs.

Truflation is a data hub providing independent, daily economic data and price indexes for fiat and crypto markets. Truflation aggregates real-market prices from merchants, research institutions, and commercial data providers, to calculate the most accurate and current daily inflation rates. It also offers other indices, including top NFT indexes, all available on-chain for DeFi and web3 applications.

AI-enhanced decentralized data networks delivering unmatched analytics and forensics for NFTs, wallets, and other digital assets on the public blockchain.

Pop Social is a Web 3 social gateway that bridges the gap between conventional social media and shared social experiences.

Swan Chain develops a storage and computing infrastructure layer for Web3. It offers a complete solution that easily enables web3 developers to integrate decentralized storage, edge computing, and payment across multiple chains.

What if You Could Easily Contribute And Invest For A Better Future? Coorest found a blockchain-based solution by creating a decentralized CO2 token exchange and an easy way to invest in sustainable “yield-bearing” assets: NFT(rees) backed by real planted trees and tokenizing these assets. Read our white paper to learn more about the Coorest : https://coorest.eu/white-paper/ It does not matter if you are a company or an individual, the Coorest platform offers an easy way to invest in green projects and offset emissions. If you are an owner of green projects, you have the possibility to onboard them into the platform and start collecting and trade your CO2 tokens.

Bitcoin has proven itself as a store of value. But to earn yield on their Bitcoin, users have to first send it to a centralized custodian. This is extremely risky, as over $40Bn has been lost to date due to custodial hacks and failures. The DLC.link platform lets users lock their Bitcoin in escrow, directly in their wallet. Users can supply their Bitcoin as collateral and earn a yield while maintaining full ownership. Currently only 2% of Bitcoin is utilized. Escrow will unlock the remaining 98%, making over $1 Trillion in Bitcoin liquidity available for lending on Ethereum and other blockchains.

Chainlink provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain. Smart Contracts provide the ability to execute tamper-proof digital agreements, which are considered highly secure and highly reliable. In order to maintain a contract's overall reliability, the inputs, and outputs that the contract relies on also need to be secure. Chainlinks provide a reliable connection to external data, that is provably secure end-to-end. The company was founded in 2014 and based in Grand Cayman, Midland, Cayman Islands.

<div>Chainlink is a middleware infrastructure that allows smart contract users on a blockchain to access external data from different sources. This allows developers to design self-executing contracts that can query multiple data feeds from a variety of nodes to cross-check and ensure data consistency. DeFi protocols, such as Aave, Compound, and Nexus Mutual, use Chainlink. For DeFi use cases, Chainlink can be used to obtain off-chain data such as asset prices or even weather information for use in applications such as insurance, derivatives trading, and decentralized exchanges.</div>

Chainlink Down More Than 3% Within 24 hours

ThirdFi

Techstars

Outlier Ventures

Alphabit Fund

Blockchains and related protocols that allow developers to build DeFi apps

Circle

To enhance stablecoin utility for enterprise institutions by integrating Circle's developer platform with Chainlink services, enabling secure cross-chain transfers and expanding DeFi to CCTP-supported chains.

Theoriq

Hack VC

NxGen Partners

LongHash Ventures

Construct Venture

SNZ Holding

IOSG Ventures

Hypersphere Ventures

Hash CIB

Stateless Ventures

Inception Capital

Antalpha

NewTribe Capital

Foresight Ventures

BitScale Capital

Figment Capital

HashKey Capital

HTX Ventures

Galaxis

Moonrock Capital

Rarestone Capital

Taisu Ventures

Hemera

Nomad Capital

Rapid Addition

To develop a FIX-native adapter for institutional digital asset trading. Powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP), the adapter will enable banks and financial institutions to leverage existing trading infrastructure to interact with tokenized assets.

Superlogic

American Express Ventures

Nima Capital

Sangha Capital

ACTAI Ventures

TenSquared Capital

Blockchain-based Non-Fungible Tokens (NFTs) allow creators to transfer ownership of their content via platforms that share proceeds with buyers, sellers, creators, and platforms via smart contracts.

QuantAMM

Mako Trading

Marshland Group

369 Capital

HyperNest

Organizations that allow individuals to invest in tokenized financial and real assets

SatoshiSync

Portal

ZBS CAPITAL

Candaq Fintech Group

LayerZero Labs

Maven Capital

MH Ventures

Seedify

Rootstock Foundation

Core DAO

Ape Terminal

Covey network

Truflation

Redbeard Ventures

Laser Digital

Four Seasons Ventures

G20 Ventures

Abra

Israeli Blockchain Association

Fundamental Labs

Cogitent Ventures

Modular Capital

Base Ecosystem Fund

C2squared

Coinbase

To improve dApp development on Base, its Ethereum-focused layer-2 network, by providing access to decentralized and verifiable smart contract tools. The integration will result in better smart contract scalability for developers by offloading heavy operations to Chainlink, resulting in lower gas fees by up to 90%.

Also known as layer-2 solutions, this includes providers of scaling solutions, such as sidechains, state channels, and rollups, which improve the speed and throughput of transactions occurring in layer-1 blockchain networks.

bitsCrunch

Cypher Capital

CoinSwitch

Gate.io

NxGen.xyz

Legends Group

Vodafone

To demonstrate a blockchain proof-of-concept for global trade use cases by supporting interoperability across IoT devices at the edge of a network. DAB-enabled IoT devices and blockchains can potentially be used to provide traceable data for use in smart contracts.

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

Companies that offer blockchain-enabled Internet-of-Things (IoT) development platforms for building networks and transferring IoT device data

Pop Social

Cointelegraph

Fusion

Prysm Group

Ceras Ventures

Promatrix

Amazon Web Services

To accelerate the development and growth of Web3 projects by providing them with enhanced access to Chainlink services, technical support, and priority access to new features.

Swan Chain

Binance Labs

Protocol Labs

FBG Capital

LD Capital

Chain Capital

ODIG

CSP DAO

Criterion VC

BetterverseDAO

Waterdrip Capital

DAO Kondr VC

w3coins

An alternative storage system in which data is encrypted, segmented, and stored on multiple nodes across the blockchain rather than a single server.

Coorest

DLC.link

ABCDE

Comma3 Ventures

Sequoia Capital (SSF)

SBX Capital

Bixin Ventures

Stacks

Stacks Accelerator

DeSpread

Gossamer Capital

<div>
 
 Chainlink is a middleware infrastructure that allows smart contract users on a blockchain to access external data from different sources. This allows developers to design self-executing contracts that can query multiple data feeds from a variety of nodes to cross-check and ensure data consistency. DeFi protocols, such as Aave, Compound, and Nexus Mutual, use Chainlink. For DeFi use cases, Chainlink can be used to obtain off-chain data such as asset prices or even weather information for use in applications such as insurance, derivatives trading, and decentralized exchanges.
 
 
 In June 2022, Chainlink launched its price feeds on the Solana blockchain to enable DeFi developers to use the feeds within DApps. Chainlink offered seven price feeds (including BTC/USD, ETH/USD, and USDC/USD) upon launch, with plans for more oracle services and price feeds to be offered in the future. Chainlink went on to launch a feature that enabled the staking of LINK (its native token) in December 2022. The pool, which was launched in beta, was capped at 25 million LINK. Notably, the company stated that token rewards would be locked until the next version of the protocol was released in 9&ndash;12 months, after which, it planned to scale up to 75 million LINK over time.&nbsp;
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 
 
 In August 2022, Chainlink partnered with Interest Protocol (IP), a borrow/lend protocol launched with Chainlink as the primary oracle, to increase the security of the IP platform. IP will be able to integrate Chainlink Keepersa decentralized transaction automation service and Chainlink Proof of Reserve (PoR)&ndash;a system that autonomously verifies off-chain collateral in real-time. IP will also receive strategic advice from Chainlink.&nbsp;
 
 
 
 
 Funding and financials&nbsp;
 
 
 In September 2021, Chainlink raised USD 32 million through the initial coin offering of its LINK token. The raised funds were to be used to continue developing its network. 
 
 
 
</div>

MakerDAO is a DAO (governed through the MKR token) that manages the Maker Protocol.Developed on the Ethereum blockchain, the Maker Protocol allows users to place their funds (through cryptocurrency) as collateral in exchange for its stablecoin DAI, which is pegged to the USD. DAI can be used like any other cryptocurrency and even as savings since holders of DAI are entitled to a return based on the DAI Savings Rate (DSR). The DSR is determined by members of the DAO using a mix of public and proprietary market data.MakerDAO offers access to investing and borrowing DAI through the Oasis app which was developed by some of the creators of Maker Protocol. In addition, the Maker Protocol is available for developers of DeFi apps who can build apps to facilitate earning, investing, and borrowing DAI. As of May 2024, the Maker Protocol had integrated with over 400 applications ranging from payment systems to gaming platforms. MakerDAO generates revenue through stability fees (akin to interest payment on borrowed DAI) and liquidation fees which is an additional charge that occurs when the value of the submitted collateral falls below a set liquidation amount.In April 2022, MakerDAO announced that it was bridging to StarkNet, a reportedly cheaper and faster zero-knowledge (ZK) overlay chain built by StarkWare. Along with its expansion on Ethereum, the DAO had planned to move toward a multi-chain offering with this rebuild. It planned to roll out this offering in four phases, beginning with a simple bridge between the main blockchain and StarkNet’s Layer 2.In February 2023, the company <a href="https://sp-edge.com/updates/16269?industryIds=64">launched a new lending platform</a> named Spark Protocol, to enable users to borrow, lend, and stake DAI, the protocol’s stablecoin. The platform, which is a fork of Aave's version 3 (v3), will be built by Phoenix Labs, a research and development company formed by the DAO. Additionally, the company also announced the deployment of etherDAI, a liquid staking derivative for Ethereum that will be pegged to the value of ETH. Furthermore, in March, MakerDAO went on to<a href="https://sp-edge.com/updates/17322"> approve several new proposals </a>that make changes to both its governance structure and the investment of its treasury. These changes divide the DAO’s current structure into smaller self-governed and self-sustained units named SubDAOs, which will also have their own tokens in the MakerDAO ecosystem. Moreover, the proposal also planned to increase the protocol’s revenues by investing a part of its reserves (worth USD 7 billion) into real-world assets and money-market funds.The platform outlined its plans for a major update (named Endgame) in May 2023. The launch was proposed to take place in five phases and will ultimately lead to the creation of a new blockchain. The road map is as follows: 1) launching new branding and website as well as upgraded versions of Dai and MKR tokens; 2) launching six Maker SubDAOs, specializing in user acquisition, decentralized frontends, and collateral allocation; 3) introducing new AI tools to assist governance, including tools for summarizing, interpreting, and generating governance proposals; 4) enabling rewards for governance participation; and 5) deploying a new blockchain to house backend logic for SubDAO tokenomics and MakerDAO governance security. The first phase of the update is expected to be rolled out in the summer of 2024.In August 2024, the protocol followed through with the first phase of its plans by <a href="https://sp-edge.com/updates/32993">rebranding itself under the new name "Sky"</a>, and launching new versions of Dai and MKR tokens named the USDS and SKY. Funding and financialsAs of May 2024, MakerDAO had around USD 8.1 billion in total value locked (TVL). The company’s most recent funding round was in April 2020 for an undisclosed sum. Previously, the company had raised USD 27.5 million through the sale of its MKR token to Dragonfly Partners and Paragon to expand its operations to Asia.

MakerDAO

Founded by former executives of Qualcomm, Solana Labs is the developer of the Solana blockchain, which uses the native cryptocurrency SOL. The company enables developers to create decentralized applications in its blockchain and is capable of carrying out 50,000 transactions per second (TPS) with a theoretical upper limit of 710,000 TPS for the architecture. As of May 2024, the blockchain averaged around 2,400 TPS. This is in contrast to Ethereum’s average of between 13 to 15 TPS. In addition to transaction speed, Solana also has other advantages such as lower transaction fees and improved scalability, given its proof-of-stake consensus mechanism and underlying architecture. The mechanism also enables users to stake their SOL and earn yields for validating the network. Solana provides the ability to create specialized tooling and programming functionality to tokens through <a href="https://sp-edge.com/updates/25910">Token Extensions</a>. This allows developers and businesses to establish rules for tokens, such as dictating their functionality and determining their holders, as well as embed features like whitelisting, automatic transfer fees, and confidentiality provisions for transfers.Solana also provides guides and a content aggregator website for developers to discover tools to create dApps on its blockchain. As of May 2024, more than 440 dApps were created on Solana, ranging across use cases such as DeFi, NFTs, and gaming. It also <a href="https://sp-edge.com/updates/18094">launched a ChatGPT </a>(a chatbot built on OpenAI's GPT model) plugin to allow developers and users to query the blockchain for on-chain data. The plugin works through the ChatGPT interface and allows users to perform various tasks such as checking wallet balances, transferring tokens, and purchasing NFTs.Key customers and partnershipsWeb browser developer Opera partnered with Solana in December 2021 to integrate the blockchain and create a built-in crypto wallet onto the Opera browser to improve accessibility to dApps hosted on the blockchain.As of May 2024, the company served several enterprise clients such as Shopify, Asics, Helio, and Tiplink.Funding and financialsThe total value locked (TVL) in DeFi projects across the Solana blockchain amounted to USD 4 billion as of May 2024. The company raised USD 314 million through an initial coin offering (ICO) of SOL. The ICO was co-led by Polychain Capital and Andreessen Horowitz. The funding was to be used to create a venture investing arm, a trading desk, and support the development of new applications in its blockchain.

Solana

Swiss-based Eidoo is a developer of a wallet that supports cryptocurrencies such as Bitcoin and Ethereum, along with tokens such as DAI, MKR, AAVE, and UNI, among others. In addition, Eidoo provides a DeFi marketplace that integrates with its wallet, allowing users to trade any tokens that they hold. Eidoo also offers a debit card that allows the conversion of digital assets into fiat currencies, such as the GBP and EURO, and spending or even withdrawing cash from ATMs.Eidoo began with the proprietary token EDO, which it also used to raise USD 27.9 million in an initial coin offering (ICO) in 2017. The token was then upgraded following its merger with blockchain oracle provider Provable Things to establish pNetwork, the infrastructure that facilitates cross-chain interactions between multiple decentralized apps, governed by the token PNT. To obtain an Eidoo debit card, users are required to stake PNT ranging from 20 to 200,000 for various service tiers.Eidoo had several applications such as virtual account numbers to deposit money and obtain a tokenized representation of their deposit as well as features to buy, hold, and trade NFTs in the roadmap as of December 2021.

Eidoo

Synthetix is a DAO (governed by holders of its native token SNX) that offers a platform on which users can trade and vote on the creation of on-chain synthetic assets, which are derivatives based on real-world assets. These synthetic assets enable traders to capture the price movements of assets such as cryptocurrencies, fiat currencies, stocks, and commodities, among others, with zero slippage. The protocol allows users to stake SNX as collateral for the debt pool and earn weekly rewards. As of April 2022, Synthetix had USD 642 million in total value locked (TVL).Additionally, Synthetix also offers the opportunity for developers to build on top of the platform to tap into its liquidity as well as develop decentralized perpetual futures, options markets, deal coordination markets, and more. As of December 2021, the protocol served large DeFi platforms including 1inch, Curve Finance, Yearn Finance, and Paraswap.In February 2023, Synthetix <a href="https://sp-edge.com/updates/16609?industryIds=64">deployed version 3 (v3) of its platform </a>on the Ethereum mainnet. V3 reportedly offers more efficient architecture that enables developers to create products that offer a liquid market for any financial derivative, as well as more complex decentralized applications. Additionally, the solution also offers staking and differentiated debt pools, to enable stakers to earn fees from supplying collateral to specific asset pools. The company went on to deploy its protocol on Base, an Ethereum Layer-2 blockchain developed by Coinbase, in April 2024. Moreover, the company announced plans to launch a new perpetual futures exchange named Infinex in the following months.Funding and financialsIn March 2023, Synthetix <a href="https://sp-edge.com/updates/17267">received an investment of USD 20 million </a>from DWF Labs, a Web3 venture capital company. Synthetix plans to use this investment to drive volume for its protocol across both centralized and decentralized exchanges and invest in product development.

Synthetix

Compound is an open-source lending protocol built on Ethereum that allows developers to build DeFi applications for functions such as deposits and lending. Compound offers adjusted money market interest rates based on asset-specific supply and demand and supports a number of Ethereum-based assets for users to take collateralized loans and lock-up assets without borrowing. Locked assets are automatically liquidated if an independent oracle determines that the price has dropped too low. Additionally, since assets are stored in a shared pool, even users with liquidated collateral can claim tokens if they are able to repay the general pool. Compound also <a href="https://sp-edge.com/updates/13038">offers borrowing services</a> for institutional clients that allow them to borrow USD or USDC at a fixed annual percentage rate of 6% using cryptocurrencies such as Bitcoin or Ether as collateral, with a loan-to-value of 90%.As of April 2024, Compound had a total value locked (TVL) of USD 2.3 billion. The protocol is governed by its native-token COMP, which along with a variety of other digital assets that are a part of the Compound ecosystem, are supported by Coinbase Custody, a crypto asset custodian. In August 2022, Compound launched a version of its protocol named “Compound III” which features a single borrowable asset. Users can supply collateral that can never be withdrawn by other users (except during liquidation) and borrow USDC.In May 2022, Compound<a href="https://sp-edge.com/updates/10267"> received a B- credit rating from S&amp;P Global Ratings</a> on its enterprise credit facility which offers 4% annually on deposits of the stablecoin USDC. Notably, Compound claims that this is the first time an "institutional DeFi" product has been scored by a major credit rating agency.Funding and financialsCompound’s last funding round was in November 2019 where it raised USD 25 million in a Series A led by Andreessen Horowitz’s a16z crypto fund to help the company further decentralize the protocol by enabling crypto exchanges and custodians such as Coinbase to maintain the protocol going forward.

Compound

Organizations and protocols that allow individuals to lend their crypto assets and take out collateralized or uncollateralized loans from to/from these projects

Organizations that provide fully decentralized insurance products

Organizations that apply NFTs across areas of finance such as documentation and non-fractionalized ownership records for assets

Decentralized exchanges that help connect buyers and sellers of DeFi tokens without the need to rely on an intermediary

Organizations that provide digital wallets for users to take custody of DeFi tokens

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

Promotes financial inclusivity, allowing those that won't traditionally have access to credit to raise funds

Companies with the infrastructure segment offer solutions for users to build decentralized applications

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 
 The Depository Trust and Clearing Corporation (DTCC) and Chainlink have successfully completed a project aimed at creating new tokenization solutions for funds. This initiative, known as the Smart NAV project, was carried out in collaboration with a number of leading US financial institutions.
 The project aimed to develop a standardized process for importing and distributing net asset value (NAV) data across both private and public blockchains using Chainlink's Cross-Chain Interoperability Protocol (CCIP). Involved in the project were American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street, and US Bank.
 According to the DTCC, the project revealed several potential use cases for on-chain structured data. These include tokenized funds and "bulk consumer" smart contracts, which are capable of holding data for multiple funds.
 
</div> Analyst QuickTake: 
 DTCC and Chainlink have gradually increased their involvement in real-world asset tokenization in the last six months. DTCC <a href="https: 
//sp-edge.com/updates/24809"> acquired Securrency, </a> a platform for tokenizing public and private securities, for USD 50 million last December, and Chainlink <a href="https: 
//sp-edge.com/updates/29083"> partnered with Rapid Addition </a> to allow users of existing trading infrastructure to interact with tokenized assets two weeks ago. Notably, while this space has seen considerable funding for startups in the last few months, this project also showcases growing involvement from traditional institutions. This is further evidenced by <a href="https: 
//sp-edge.com/companies/206885"> Blackrock </a> , which partnered with <a href="https: 
//sp-edge.com/companies/641138"> Securitize </a> in March, <a href="https: 
//finance.yahoo.com/news/blackrock-launches-first-tokenized-fund-222700828.html"> to launch its first tokenized fund on Ethereum </a> , the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

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