CoinIX GmbH & Co. KGaA: Blockchain investor coinIX invests in DEFYCA, a web3 yield protocol, providing global access for DeFi investors to private credit markets


EQS-News: coinIX GmbH & Co. KGaA / Keyword(s): Cryptocurrency / Blockchain / Investment

coinIX GmbH & Co. KGaA: Blockchain investor coinIX invests in DEFYCA, a web3 yield protocol, providing global access for DeFi investors to private credit markets

29.09.2022 / 12:16 CET/EST
The issuer is solely responsible for the content of this announcement.

Blockchain investor coinIX invests in DEFYCA, a web3 yield protocol, providing global access for DeFi investors to private credit markets

Hamburg, September 29, 2022 – The Hamburg-based investment company coinIX GmbH & Co. KGaA, which specializes in investments in digital assets and blockchain technology, invests in DEFYCA.

DEFYCA is a Luxembourg-based company that bridges DeFi (Decentralized Finance) and TradFi (Traditional Finance) by allowing investors to invest in traditional bonds and loan portfolios via tokenized assets. Through the Web3 protocol, individual loans and corporate loans can be securitized and made investable as crypto assets. The DEFYCA protocol thus enables investors to access the private debt asset class and opens the private credit markets to accredited investors, in search of real, secure and stable returns on a global scale.

With its platform, DEFYCA solves the problems of two worlds. The DeFi market is notorious for its volatility and there are only a few ways to invest short-term stablecoins and earn a steady return. In the traditional credit market, continuous trading does not exist and is characterized by its time-consuming and manual processes.

On the DEFYCA protocol, tokenized bonds are issued and structured into a liquid asset class on the blockchain that can be traded around the clock. Price discovery, liability matching, settlement and payment flows are executed automatically via smart contracts. This saves the issuer costs and time and offers DeFi investors the opportunity to earn more stable returns on stablecoins. Bonds are issued by traditional SME finance platforms, corporate bond aggregators or private debt funds.

The protocol has been specifically designed to eliminate counterparty risk in transactions, with instant delivery versus payment (DvP) settlement, specially secured MPC custodial wallets at Fireblocks, an established crypto custodian, and directly provided cash accounts. at Circle, the stablecoin issuer. Overall, this reduces risk and allows all participants to invest and trade fixed income securities on the blockchain.

Alex Garmash, co-founder of DEFYCA“We are thrilled to receive the backing and support of coinIX in our funding round at DEFYCA. Our mission is to unlock the DeFi community’s access to invest and trade in the lucrative private credit markets. coinIX is in a uniquely positioned to support the company as it goes to market, with its knowledge and activity in private credit markets and its in-depth investment thesis in DeFi and DLT.

Susanne Fromm, CEO of coinIX“In the crypto market, we see many DAOs sitting on huge treasuries that they would like to invest in stable, low-volatility assets. In June alone, the MakerDAO community voted to invest $500 million dollars in short-term US government bonds. This shows the demand for fixed income securities on the blockchain. And it is this demand that the DEFYCA protocol is targeting.”

Press contact: Susanne Fromm, CEO, [email protected], +494035676758

Investor Relations: Felix J. Krekel, Chief Financial Officer, [email protected], +494035676758

DEFYCA Press Contact: Alex Garmash, Co-Founder, [email protected]

About coinIX GmbH & Co KGaA

coinIX GmbH & Co KGaA, based in Hamburg, is a listed investment company and has been investing in the broad spectrum of blockchain innovation since 2017. This includes both the next stage of digitization in traditional industries, as well as as new areas such as decentralized finance. (DeFi) or NFT/Metaverse projects. Here, coinIX invests in seed capital, early-stage token projects, and liquid cryptocurrencies. It offers one share, which is traded on the open market of the Düsseldorf Stock Exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: XCX). www.coinix.capital

29.09.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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