Genesis Block Ventures Invests in ‘CeFi to DeFi’ Technology Provider, Alkemi Network.

Full-service investment company Genesis Block Ventures (GBV) announces an investment in Alkemi Network. 

 

Alkemi offers DeFi access to everyone through a suite of tools and products that serve as onramps to the new financial infrastructure. It is the first decentralized liquidity network on the Ethereum blockchain to offer both KYC permissioned and permissionless liquidity pools, governed by one single unique ERC-20 compatible network utility token, ALK. Alkemi technology utilizes Web3 innovation to facilitate the migration from the legacy financial system to the future of natively-digital capital coordination. 

The project’s beachhead strategy solves the friction points for CeFi institutions to access DeFi. The technology provides a compliant, turnkey solution that enables institutions to participate in a decentralized on-chain liquidity network utilized and governed by community tokenholders. The primary digital asset pool is an institution-grade, permissioned environment, ‘Verified’. Alkemi has also made provision for a secondary, permissionless liquidity pool, available to users who wish to interact within a separate, trustless environment, ‘Open’. 

Alkemi: CeFi to DeFi

Since its inception, Alkemi has established strong partnerships with asset managers, financial institutions, liquidity providers, and blockchain industry leaders. 

 

Alkemi recently partnered with Chainlink to integrate and leverage their market-leading network of decentralized oracles. Alkemi also inked a partnership with Monerium, a European regulated electronic money institution. Holders of Monerium will be able to earn interest on deposits of their digital euros into the Alkemi Earn protocol, live on mainnet with $5+ million of liquidity.

 

As an investment company with a mission of building the future through blockchain, Genesis Block Ventures has built a wide-reaching, vibrant blockchain ecosystem, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and decentralized finance (DeFi) projects.

 

We share the same vision with Alkemi that the only way to realize the massive potential of a globally accessible financial system is through institutional adoption on ramps. Through the investment, Genesis Block Ventures will help further expand Alkemi’s opportunities in the crypto and DeFi space. We are excited to participate in Alkemi’s exciting journey to make capital markets fundamentally more inclusive and scalable!

About Alkemi Network

Alkemi Network is bridging CeFi to DeFi on the Ethereum blockchain. 

 

Alkemi Network was born out of the fusion of extensive DeFi knowledge and CeFi expertise. The resulting technology enables the currently separated worlds of Centralized and Decentralized Finance to connect and interact through an open-source, on-chain, non-custodial solution.

 

Alkemi’s technology specializes in providing centralized financial institutions with compliant, turnkey access to ERC-20 compatible digital asset markets including ETH, WBTC and stablecoins. Alkemi is solving the capital, control, and connectivity problems that have, until now, prevented CeFi from participating in DeFi. The flagship protocol, Alkemi Earn (live on Mainnet), offers permissioned and permissionless liquidity pools where users can borrow and lend programmatically.

 

The company’s infrastructure facilitates access to liquidity and streamlines settlement for digital asset allocators, exchange venues and third party providers, improving market efficiency. 

 

Launching with a core team of globally-distributed, specialized developers and designers, Alkemi is establishing an on-chain liquidity network within a permissioned and permissionless decentralized framework.

 

With the addition of GBV, Alkemi counts Outlier Ventures, Techstars, GSR, LedgerPrime, Consensys Mesh, a195 Capital, Asymmetries Funds, Shift Markets, Genblock Capital, Autonomy Capital and a number of strategic angels amongst its industry-leading investor cohort.

 

For more information on how your organization can use Alkemi Network, contact hello@alkemi.ai

About Genesis Block Ventures

Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center.

 

As a private investment company with a mission of building the future through blockchain technology, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.

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