OKX Ventures Joins as Founding Member of SOFA.org to Enhance DeFi Ecosystem

OKX
Ventures
Becomes
Founding
Member
of
SOFA.org

OKX
Ventures,
the
investment
arm
of
the
prominent
crypto
exchange
and
Web3
technology
company
OKX,
has
officially
joined
SOFA.org
as
a
founding
member,
according
to
a
recent
announcement
from
OKX
Ventures.

SOFA.org
is
an
open-source,
non-profit
decentralized
autonomous
organization
(DAO)
devoted
to
building
a





decentralized
finance
(DeFi)
ecosystem
that
supports
atomic
blockchain-based
settlements
of
financial
assets.
This
collaboration
aims
to
establish
a
secure,
industry-wide
on-chain
settlement
framework,
which
is
essential
for
the
upcoming
growth
wave
of
real-world
assets
(RWA)
tokenization.

The
first
protocol
of
SOFA.org,
which
launched
its
mainnet
on
June
7,
offers
a
transparent,
request-for-quote
(RFQ)-driven
marketplace
for
crypto
structured
products.
This
marketplace
enables
execution
between
depositors
and
market
makers
through
ready-made
decentralized
applications
(dApps)
and
standardized
vaults.
The
protocol
emphasizes
security
by
eliminating
counterparty
risks
through
the
use
of
smart
contract
vaults,
which
act
as
on-chain
custodians.
Users
can
earn
additional
yield
from
a
diverse
range
of
products
with
robust
downside
protection.

Enhancing
the
DeFi
and
CeFi
Sectors

Vital
instrument
parameters
are
immutably
stored
on
the
protocol
at
the
smart
contract
level,
allowing
the
tokenization
of
authentic
risk
positions.
These
tokenized
risk
positions
can
be
recognized
by
both
DeFi
and
CeFi
platforms,
improving
the
efficiency
of
DeFi
capital
and
benefiting
both
sectors.

The
collaboration
between
OKX
Ventures
and
SOFA.org
is
poised
to
support
the
development
of
a
secure
and
efficient
DeFi
ecosystem,
which
is
crucial
for
the
future
of
financial
asset
settlements
on
the
blockchain.

About
OKX
Ventures
and
SOFA.org

OKX
Ventures
focuses
on
exploring
the
best
blockchain
projects
globally,
supporting
cutting-edge
blockchain
technology
innovation,
promoting
the
healthy
development
of
the
global
blockchain
industry,
and
investing
in
long-term
structural
value.
By
supporting
entrepreneurs
who
contribute
to
the
blockchain
industry’s
development,
OKX
Ventures
helps
build
innovative
companies
and
brings
global
resources
and
historical
experience
to
blockchain
projects.

SOFA.org
is
a
decentralized,
non-profit,
and
open-source
DAO
dedicated
to
developing
a
trustless
DeFi
ecosystem
capable
of
atomically
settling
financial
assets
on
the
blockchain.
The
organization’s
first
protocol
focuses
on
crypto
structured
products,
enabling
seamless
execution
between
depositors
and
market
makers
through
ready-made
dApps
and
standardized
vaults.
Supported
by
leading
DeFi
builders
and
crypto
platforms,
SOFA.org
aims
to
provide
a
secure
and
efficient
marketplace
for
financial
asset
settlements.

Image
source:
Shutterstock