- Dusk Network has announced a tactical partnership with COSIMO X.
- The privacy blockchain for financial applications is Dusk Network.
- COSIMO X also invested in many popular projects.
The venture capital fund that invests in opportunities in emerging, next-generation technologies known as COSIMO X. COSIMO X is the world’s first evergreen tokenized fund.
Moreover, the decision is taken to invest in the project comes as blockchain solutions continue to be acquired by traditional financial institutions.
Jelle Pol, a Business lead at Dusk Network, stated on the partnership,
“We’re excited to work with COSIMO X and have the team’s vote of confidence. It’s a big forward in bringing appropriate privacy solutions to the institutions who joining the space.”
Additionally, the privacy blockchain for financial applications is Dusk Network. Dusk Network is a layer-1 blockchain that supports confidential contracts.
Furthermore, building privacy into security tokens is the aim of the Dusk Network protocol. And this makes them valuable to the proceeding DeFi markets. Over a range of industries blockchain technology widens its influence. The sector that accepted the use cases of blockchain technology bi fintech.
Henceforth, to bridge the gap between traditional and decentralized finance, the importance of providing necessary solutions to businesses acknowledged by both the Dusk network and COSIMO X.
Although, the Managing Partner at COSIMO X, Connor Cantwell, noted, “the team behind Dusk is very impressive. At COSIMO, we certainly share their emphasis on privacy as a force for good and their vision for Dusk as a key bridge as DeFi and traditional fiancé morph together in the coming years from their separate streams today”
Notably, blockchain technology emerges as a solution for the hot-button issue in finance. The strict on-chain data privacy through zero-knowledge proofs provided by the Dust network. Also, the Dusk network can issue privacy layers for all DeFi applications.
Accordingly, COSIMO X also invested in many popular projects, such as Ethereum competitor Caper Labs and cryptocurrency NDAU. COSIMO X’s recent partnership with the Dusk network will allow both sides to widen their reach in the budding DeFi community.
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