Alkemi Network has announced the launch of Out of Stealth – the liquidity network which offers institutional Decentralized Finance (DeFi) facility to customers. What makes this launch special is that the network is the world’s first such decentralized liquidity network and now live on the mainnet.
In the run-up to its launch, Alkemi is involved in building the network and community for the last six months. It has added extra features to its product portfolio for better service and customer support. Besides, the network has completed the funding and liquidity deposit processes involving a long list of investors. Among those who have invested in the company, significant names include LedgerPrime, JST Capital, Radar Relay, Shift Markets, Quantstamp, Teller Finance, Kronos Research, Autonomy Capital, Fractal, and Validation Capital.
Today, there is a growing trend towards simultaneous use of institutional and DeFi, and this explains the growing support and popularity for the Alkemi. The top echelon of Ledger Prime, Shiliang Tang, stressed that the enviable experience of Alkemi in institutional and DeFi is one of the primary reasons they have decided to invest in the company. They are pretty confident of the future growth of Alkemi and will continue to support the company by constructively contributing to the company’s governance practices.
The idea of KYC mixed with DeFi is a sure-shot strategy to win over customers in the future. Alkemi seems to have got the grip of things right and will deliver exciting business results in times to come. The future holds immense potential for the cocktail of processes that ensures both safety and seamless access to the sources of finance. The launch of out of stealth combines both worlds, and its launch is expected to bridge the gap between conventional lending practices and the modern DeFi system. No wonder such a long list of credible names backing the organization in the role of investors.