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 fintech companies.
The partnership will combine the Cardano Foundation’s expertise with Lykke’s level of efficiency to increase its financial services offering and strengthen its position in the market, reaching more users.
Lykke has started the process to obtain authorization from FINMA (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 blockchain business 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 Nathan Kaiser, Chairperson of the Cardano Foundation, explained:
“Lykke Corp is one of Switzerland’s most innovative blockchain financial companies and we are pleased to be partnering with its expert team. Through this collaboration, both the Cardano Foundation and Lykke Corp will seek to build out financial infrastructure and offer services that will both empower the Cardano ecosystem and enrich the wider blockchain space.”
Cardano is the blockchain of banks, as defined by the CEO and founder of Lykke Corp, Richard Olsen:
“Cardano has all of the critical attributes to become the blockchain of choice for banks—scalability, formal methods, and a peer-reviewed code base. Our collaboration with the Cardano Foundation enhances the organized trading facility (OTF) offerings of Lykke, and paves the way for new Lykke products and services built and deployed on Cardano.”
In this way also ADA token holders will benefit from an ecosystem integrated with the Cardano system, think about the various wallets that can be connected and used in this platform or even participate in investments in future projects using ADA.