Yesterday the Cardano Foundation announced a new partnership with Lykke, a Swiss company that uses blockchain to provide 360-degree solutions to expand the development of financial technology companies.
The association will combine the experience of the Cardano Foundation with Lykke's level of efficiency to increase its offer of financial services and strengthen its position in the market, reaching more users.
Lykke has started the process to obtain the FINMA authorization (Swiss Financial Market Supervisory Authority) and, once the license is obtained, there will be no limits for the company to operate and increase the offer of financial products to customers.
Lykke can already offer services such as:
- a commercial blockchain service,
- a digital asset index called LyCI,
- A platform to raise funds for blockchain-based projects.
Thanks to this collaboration, a structure with the Cardano ecosystem will be implemented, as explained Nathan kaiser, President of the Cardano Foundation:
“Lykke Corp is one of the most innovative blockchain finance companies in Switzerland and we are pleased to partner with its team of experts. Through this collaboration, both the Cardano Foundation and Lykke Corp will seek to build financial infrastructure and offer services that empower the Cardano ecosystem and enrich the broader blockchain space. ”
Cardano is the banks' blockchain, as defined by the CEO and founder of Lykke Corp, Richard Olsen:
“Cardano has all the critical attributes of becoming the bank's chosen blockchain: scalability, formal methods, and a peer-reviewed code base. Our collaboration with the Cardano Foundation enhances Lykke's organized trade facility (OTF) offerings, and paves the way for new Lykke products and services built and implemented in Cardano. ”
In this way, ADA token holders will also benefit from an ecosystem integrated with the Cardano system, think of the various wallets that can be connected and used on this platform or even participate in investments in future projects using ADA.