Albus Protocol Receives Grant from Solana Foundation 

Albus Protocol, a Wollerau, Switzerland-based provider of a regulation-compliant DeFi framework for public blockchains, received a grant from Solana Foundation.

The amount of the deal was not disclosed.

The company intends to use the funds to expand operations ad its development efforts.

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Led by Alexander Ray, CEO, Albus Protocol is a regulation-compliant DeFi framework for public blockchains. It uses the Zero-Knowledge Proof method to ensure compliance of every transaction with predefined requirements and restrictions. Albus’s goal is to help DeFi protocols comply with KYC, AML, GDPR, and even CBDC regulations when operating on a public blockchain. It offers a functionality that will be necessary for DeFi market participants once a new regulation enters into force.

Albus Protocol is due to launch a Web3 tool with a full user interface in August, with first partners already integrated. Letters of Intent have already been signed with: Sumsub — a full cycle verification platform that secures the whole user journey and offers customizable KYC, KYB, transaction monitoring and fraud prevention solutions to orchestrate verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect businesses from frauds; CurioInvest — a cross chain solution for tokenization of real world assets, which allows the community to make investment decisions or govern the utility of the ecosystem; Marinade.Finance — a non-custodial liquid staking protocol built on the Solana blockchain.

FinSMEs

31/05/2023