Full-service investment company Genesis Block Ventures (GBV) announces an investment in Lithium Finance. Genesis Block Ventures would support the development of the decentralized financial oracle platform to enable price discovery for illiquid assets in the global market.
Incubated by Liquefy Labs, Lithium Finance is a DeFi protocol building next-generation data oracle to price the unpriced, illiquid assets. As the market’s first DeFi platform to tackle the expensive asset valuation and market intransparency issues, Lithium FInance is building a collective intelligence algorithm to enable price discovery for illiquid assets like stocks in a truly decentralized, seamless manner, with negligible cost.
Lithium Finance is setting the foundation for real assets and DeFi. It innovates in combining pricing oracles together with cryptocurrency incentives to ensure the best aggregate pricing information is rewarded – and malicious information is punished. Participating oracles – such as brokers, crypto investors, private equity firms, and investment banks, among others – will develop a reputation which enhances their earning potential and rewards increasingly accurate information.
With a mission of building the future through blockchain technology, Genesis Block Ventures has invested in some of the most prominent blockchain startups, making sure that these projects achieve success through strategic partnerships and guidance.
Lithium Finance: Bridging TradFi and DeFi
Over the years, GBV has added to its portfolio many renowned projects, including Serum, AstroTools, Alpha Finance, Mercurial Finance, to name a few. GBV has also invested in Linear Finance and Convergence Finance, both of which are incubated by Liquefy Labs, an incubator that aims to bring innovation to real asset investments with blockchain technology and Web 3.0 applications.
Creating a network of accurate and incentivized pricing experts for these off-chain assets is the critical missing link in enabling DeFi’s future expansion to the hundreds of trillions of dollars of real-world assets.
What impresses us most about Lithium Finance is their vision and technological capability to fundamentally address information asymmetry in the private markets worldwide. With Lithium’s proprietary pricing oracles, all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets will be accurately priced using the platform. We also look forward to the exciting synergy between Lithium, and the other two Liquefy Labs-incubated portfolios: synthetic asset exchange Linear Finance and private assets AMM platform Convergence Finance.
“Lithium Finance is uniquely positioned to capture the convergence of blockchain and distributed wisdom, pulling the worlds of traditional finance and DeFi together. We are ready for the journey to ignite a new era of capital market innovation and price discovery.” — Leslie Tam, Genesis Block Ventures’ Co-Founder and Partner.
About Lithium Finance
Lithium Finance is a blockchain protocol building a collective intelligence algorithm to price the unpriced. Lithium enables price discovery for illiquid assets like stocks in a truly decentralized, seamless manner.
Incubated by Liquefy Labs, Lithium Finance aims to set the foundation for real assets and DeFi. Its pricing oracle serves as a collective-intelligence version of platforms like PitchBook and Crunchbase, powered by cryptocurrency incentives which leverage the immutability of Ethereum’s global asset rails for reliable delivery of quality information.
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, 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.