As the AllianceBlock and Avalanche ecosystems move closer together, Pangolin’s decentralised exchange has emerged as the latest partnership.
AllianceBlock positions itself as a leader at the intersection between new and old fintech, with the aim of delivering the possibilities offered by decentralised finance (DeFi) to the traditional finance world.
The move comes after a surge of interest from institutional finance in DeFi, and is born out of the consequent need for regulatory compliance amongst the decentralised finance industry – with AllianceBlock planning to help Pangolin grow in line with DeFi regulatory developments, thus unlocking access to immense liquidity from financial institutions.
The first collaborative implementation will be the adoption of AllianceBlock’s trustless know your customer (KYC) procedures by the Pangolin decentralised exchange (DEX) platform.
— AllianceBlock (@allianceblock) August 17, 2021
Expanding the ecosystem
However, there are more plans for Pangolin to take on a node validator role within AllianceBlock’s Bridge. This move will see the DEX integrate into the Liquidity Mining as a Service program, thereby expanding the ecosystem to projects with the potential to benefit from its white label fundraising solution.
Justin Trollip of Pangolin expressed his excitement at the partnership.
“Being able to rely on a streamlined solution for compliance opens new opportunities for our decentralised exchange in user acquisition and institutional investment in a sustainable and future-proof way,” he said.
“At the same time, it preserves the freedom to choose compliance levels for our current users.
“We’re excited to be a part of AllianceBlock’s broader ecosystem. Both teams have seen the value in working together as we continue to expand.”
Rachid Ajaja, CEO and Co-founder of AllianceBlock, highlighted the work planned in the partnership with the Avalanche-powered DEX as evidence of a greater demand for regulatory expertise in the DeFi field.
“Events in recent weeks make it crystal clear: regulation is coming to DeFi,” he said.
“As such, companies need to be prepared. One of the greatest challenges to DeFi projects today is making sure they are globally compliant.”
AllianceBlock was founded by ex-JP Morgan, Barclays, BNP Paribas, and Goldman Sachs investment bankers and has conducted prominent partnerships with Chainlink, Ocean Protocol, Injective Protocol, Orion Protocol, and CertiK.
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