Brevan Howard Digital’s Abu Dhabi branch has invested $20 million in assets into Kinto, an on-chain financial portal, marking a significant step for a traditional financial institution entering the decentralized finance space.
Kinto offers a customized blockchain platform with a smart contract wallet, allowing financial entities to deploy capital on-chain while maintaining strict legal and compliance standards.
Kinto stands out as the only Layer 2 solution that incorporates native Know Your Customer and Anti-Money Laundering protocols at the blockchain level. It also provides wallet insurance and strong security features, making it an attractive choice for institutional adoption.
Kinto’s mining program incentivizes users who deposit assets on-chain through token rewards, set to run over a decade with decreasing incentives. This program aims to address challenges faced by traditional financial institutions in engaging with decentralized finance, such as security, technical, and compliance requirements.
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By getting involved, Brevan Howard Digital becomes one of the first major traditional financial firms to actively utilize its digital assets within Kinto’s ecosystem.
Ramon Recuero, CEO and co-founder of Kinto, commended the forward-thinking approach of platforms like Brevan Howard Digital. He anticipates a growing trend of similar institutions entering the on-chain space, especially as solutions like Kinto offer regulatory clarity and compliance features.
Recuero mentioned, “Institutions have been waiting for two things: regulatory clarity and compliance features. Now, through Kinto, financial institutions don’t need to wait any longer.”
This development highlights the changing financial landscape, with traditional institutions increasingly exploring and integrating decentralized technologies to enhance their services and operations.
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