News <!–>–><!–>Join us on social networksAvalanche introduces ‘Evergreen’ subnets to connect institutions on blockchain
Simon Jones, CEO and co-founder of Voltz Labs, said that the new feature would help level the playing field between retail investors and large institutions.
“Everyone is exposed to what the Fed decides to do [but] only a handful of institutions have access to interest rate swap markets that allow them to hedge that exposure, until now,” he said. In his view, the launch of the Voltz protocol makes “traditional financial markets accessible on DeFi rails.”
Traditional financial products have been making their way into DeFi slowly but surely. Securities broker-dealer INX launched shares of Greenbriar Capital via Ethereum on April 3 and developed a compliance-friendly wallet for institutions to go along with it. On April 27, Neobank released a Soulbound token protocol to simplify the Know Your Customer process for DeFi. Neobank hopes the protocol will enable banks to integrate more with the growing Web3 ecosystem.
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