Vesto and Stably Announce Strategic Partnership to Leverage Their Respective Platforms to Bring Real World Tokenized Assets to the Masses
The joint technology dramatically increases access and liquidity to tokenized assets on the chain.
SAN FRANCISCO, October 6, 2021 / PRNewswire / – Stably, a leading provider of enterprise asset tokenization technology platform solutions in the market, has signed an API license with Vesto for its basic cryptographic infrastructure at the protocol level.
Vesto’s infrastructure is a powerful and easy-to-use gateway to the cryptocurrency ecosystem, enabling the next generation of DeFi, dApps and protocols for tokenized assets.
Through this partnership, Stably and its clients will have access to Vesto’s 2-token architecture offering high yield (up to 25% APY) for cryptocurrency assets such as WBTC, USDC, DAI and ETH, all by creating new ERC-20 compliant tokens to use for low cost instant transactions without having to remove the underlying asset from DeFi. This “double down” effect offers the best financial package for Stably and its clients.
Stably and Vesto share the same vision that DeFi will be the cornerstone of the future of the financial world and, through this close collaboration, many real world tokenized DeFi projects / products are being considered.
This mutual partnership enables meaningful and profitable revenue-generating methods across the financial industry.
“Stably is excited about the Vesto partnership and we look forward to working with Chris’s team to enable DeFi yield generation from various tokenized assets such as stablecoins and gold backed tokens for our B2C users. as well as our B2B customers. “
Kory hoang, Chairman and CEO (CEO) and co-founder
“The total combined assets in the world is 270 trillion dollars, of which twenty percent will be symbolized over the next five years. Stably has a TAM of $ 54 trillion in just five years! We are delighted and honored to play a base protocol infrastructure role with Stably! ”
Christophe mcgregor, Chairman and Chief Executive Officer (CEO) and co-founder.
About Stable (www.stable.io):
Stably is a fast growing, venture capital backed FinTech from Seattle with the mission of bridging traditional finance (TradFi) and decentralized finance (DeFi) with stable coins and tokenized assets. The company provides a stable coin and asset tokenization infrastructure that is cost effective, quick to deploy, blockchain independent, and regulatory compliant. Stably’s B2B solutions include multi-chain tokenization services and a fiat-to-crypto gateway platform, allowing other FinTechs, financial institutions and blockchain foundations to easily convert fiat currency into stablecoins, crypto and assets. tokenized.
About Vesto (www.vesto.io):
Vesto’s platform provides a complete end-to-end cryptographic infrastructure to connect DeFi, fiat entry and exit ramps, custody, multi-chain transactions and NFTs. Using the Vesto platform dramatically reduces the cost of deployment and time to market for companies looking to deploy cryptocurrency solutions.
Vesto has developed the most comprehensive crypto infrastructure platform on the planet, based on its core design principles: 1. Build everything in-house to ensure complete control and the highest level of quality 2. All transactions are always on-chain and 3. All users go through strict KYC / KYB.
The main elements of the Vesto platform include: multisig vWallet, 2 token architecture, vDeFi and NFT support for ERC721 and ERC1155. These building blocks have been built into many separate yet powerful components including smart contracts, multiple blockchains, stablecoins, fiat on / off ramp bridges, secure decentralized financial services (“DeFi”) via Finance element, Support for multiple channels via Polygon, powerful KYC, KYT, KYB and AML solutions via EndClusive and Onfido, and cold storage and disaster recovery via Coin cover.
Vesto’s 2-token architecture offers a high interest rate (up to 25% APY) for cryptocurrency assets such as WBTC, USDC, DAI, and ETH while creating new ERC-compliant tokens -20 to use for instant use and low cost transactions without having to remove the underlying asset from DeFi. This “doubling” effect offers the best financial arrangement for banks, fintechs, and any businesses looking to deploy crypto solutions. With fiat currency deposits, interest rates are at historically low levels, and in some places, as in Europe, at a negative interest rate, it has never been more valuable.
For press inquiries, contact:
Teacher. Carsten Bartsch, PhD
Marketing Director, Vesto
Vesto SARL – San Francisco, Vesto GmbH – Munich, Vesto Technologies Ltd. – London, Vesto SA de CV – Mexico. ©2021. All rights reserved. Platform and technology covered by pending patent applications.
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