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FORBES and MergerMarket Herald The Work Done By DEFYCA to Bringing Private Credit Deals On-Chain
Major business press validate DEFYCA's progress working with funds to bring them on-chain for secure, frictionless transactions.
LUXEMBOURG, Jan. 31, 2023 DEFYCA, a Luxembourg-based digital securities platform, was covered in both Forbes and MergerMarket this month. These tier 1 business media outlets heralded how DEFYCA makes private credit investment more accessible and cost-effective.
The company has developed a blockchain protocol that enables digital and crypto investors to invest in traditional debt securities and loan portfolios via tokenized assets. By bridging DeFi (Decentralized Finance) and TradFi (Traditional Finance), DEFYCA is solving problems from two worlds.
DEFYCA is filling the traditional market gaps and enabling the issuance of tokenized assets that are secure and structured.
According to the Forbes piece by Wayne Rash, "Smart contract technology is transforming the securities business. This technology, which is best known for its role in cryptocurrency and blockchains, is now moving distributed ledger into new fields. While it's only recently that smart contract technology came about, it enables investors to invest and trade across multiple Etherium virtual machines (EVMs) and non-EVM chains, including Polygon, Solana, NEAR, and others."
Because of previously complex, lengthy and manual processes with the TradFi credit market, "there are only a few ways to invest stablecoins in the short-term," according to Pat Hourigan, CEO and Co-Founder.
According to the MergerMarket piece, DEFYCA is filling the traditional market gaps and enabling the issuance of tokenized assets that are secure and structured. "DEFYCA's tech makes private credit investment more accessible by bridging decentralized and traditional finance using blockchain to enable digital and crypto investors to invest in traditional debt securities and loan portfolios via tokenized assets. The tokens are issued, securitized, and structured into liquid pools, which can be traded instantly and with "no friction."
"We're thrilled with the reception we're getting from partners, customers, and tier 1 media," said Pat Hourigan, CEO and Co-Founder. "These pieces further validate what we're doing at DEFYCA and that there is a significant need for this shift in the industry."
Issued by DEFYCA. Distributed by Business Press Room.
About DEFYCA
Official press release issued by DEFYCA.
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