Solrise Finance and Civic Technologies have unveiled a solution that will revolutionize the way individuals and venture capital funds raise money in Solana Beach, California.
The press statement shared with U.Today states that prominent Solana-centric investing platform Solrise Finance (https://solrise.finance/) has created a permissioned decentralized exchange on top of Serum, which was previously known as Solana’s first decentralized exchange.
Technically, the new product has been developed as a result of a collaboration between Solrise Finance and Civic Technologies, a well-known technical solutions provider founded by Vinny Lingham and Jonathan Smith in 2015 and now headquartered in San Francisco.
It is planned to use Serum’s technological stack to maximize Solana throughput for the on-chain trade of assets through the new decentralized exchange, which will be known as Solrise DEX Pro.
Alameda Research, one of the largest and most significant organizations in the cryptocurrency space, has provided support for the Solrise DEX Pro version. Sam Bankman-Fried is the founder and CEO of Alameda Research.
Filip Dragoslavic, co-founder of Solrise Financial, has stressed that the new release will be of particular importance to institutional investors interested in the decentralized finance segment:
This is our way of bridging the world of institutions to DeFi without resorting to centralization, thanks to Civic. With Solana already being the most familiar DeFi ecosystem for traditional finance, we expect to become one of the primary hubs for institutions that wish to jump into the ecosystem.
With Solrise DEX Pro: Enterprise Edition, Chris Hart, CEO of Civic, which handles the digital identity verification for the new initiative, is confident that the information and funds of potential investors would be protected.
We’re building technology that thoughtfully protects individuals, their digital identities and our new financial systems. In Solrise, we’ve found a partner that shares our values and is working with us to set a higher standard that will ultimately benefit the broader industry.
Using Solrise DEX Pro, skilled market participants will be able to avoid being sanctioned for infusing liquidity into early-stage cryptocurrency and blockchain companies.
