DeFi
OKX Ventures joins SOFA.org as a founding member to improve the DeFi ecosystem
OKX Ventures becomes a founding member of SOFA.org
OKX Ventures, the investment arm of prominent Web3 cryptocurrency exchange and technology firm OKX, has officially joined SOFA.org as a founding member, according to a recent announcement from OKX Ventures.
SOFA.org is a non-profit open source decentralized autonomous organization (DAO) dedicated to creating a decentralized finance (DeFi) which supports settlements of financial assets based on atomic blockchain. This collaboration aims to establish an industry-wide secure on-chain settlement framework, essential for the next wave of growth in real-world asset (RWA) tokenization.
The first protocol from SOFA.org, which launched its mainnet on June 7, offers a transparent, request for quote (RFQ) driven marketplace for crypto structured products. This market enables execution between depositors and market makers via off-the-shelf decentralized applications (dApps) and standardized vaults. The protocol emphasizes security by eliminating counterparty risks through the use of smart contract vaults, which act as on-chain custodians. Users can earn additional yield through a diverse range of products backed by strong downside protection.
Improving the DeFi and CeFi sectors
Instrument vitals are stored immutably on the protocol at the smart contract level, enabling the tokenization of authentic risk positions. These tokenized risk positions can be recognized by both DeFi and CeFi platforms, thereby improving the efficiency of DeFi capital and benefiting both sectors.
The collaboration between OKX Ventures and SOFA.org is poised to support the development of a secure and efficient DeFi ecosystem, which is crucial for the future of financial asset settlements on blockchain.
About OKX Ventures and SOFA.org
OKX Ventures focuses on exploring top blockchain projects globally, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in a long-term structural value. By supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps create innovative companies and brings global resources and historical experience to blockchain projects.
SOFA.org is a decentralized, non-profit, open source DAO dedicated to developing a trustless DeFi ecosystem capable of atomically settling financial assets on the blockchain. The organization’s first protocol focuses on structured crypto products, enabling seamless execution between depositors and market makers via ready-to-use dApps and standardized vaults. Backed by leading DeFi builders and crypto platforms, SOFA.org aims to provide a secure and efficient marketplace for the settlement of financial assets.
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