This Assurance Layer Is Giving Institutions the Confidence to Enter DeFi With...
Institutional participation is key to unlocking the future growth of DeFi. But without a proven dispute resolution mechanism, DeFi is too risky for institutions. Astra eliminates that risk. “What got you here won’t get you there.” When author Marshall Goldsmith wrote it, he was referring to how successful people can achieve even more success and […]
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Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi protocols offer. However, it seeks to offer stable revenue for companies looking to get passive income from their funds in dollars. Compound to Coax Institutions With Treasury Compound Labs, the company behind the Compound defi protocol, launched Treasury, a new defi service designed for....
American citizens are losing confidence in just about every major institution, and according to Gallup, banks are no exception. Confidence in Banks Drops Significantly. Hardly anyone will be surprised to hear that banks are taking the brunt of this loss in faith. Whereas 49 percent of Americans had confidence in their banks back in 2006, that number....
CeDeFi presents a new financial system and it should be built by using the best of each other, with DeFi leading and CeFi contributing. Decentralized finance, or DeFi, has established itself as a force capable of disrupting traditional systems. While DeFi still mostly keeps opposing itself to traditional finance, the centralized operators are actively looking for ways to integrate into the established system. The institutional interest pushes both decentralized and centralized participants to ask questions about DeFi, its role and a possible collaboration with centralized finance, or....
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed by BDO and it notes that the company has seen a 58% decrease in commercial paper reserves. Tether Hires BDO Italia, Company Publishes Quarterly Consolidated Reserves Report Tether Holdings Limited, the....
British exchange Netagio (which deals with bitcoin, gold, and sterling trading) reported this morning that they have attained assurance for their bitcoin storage/holdings to an international standard (ISAE 3000). An independent review was conducted by BDO LLP, a professional services firm operating internationally, and it was found that Netagio has their stuff together, to be frank. The ISAE 3000 standard (where ISAE stands for International Standard on Assurance Engagements) was developed by the International Auditing and Assurance Standards Board (IAASB), and the idea is to ensure....