Published Feb 2, 2022
By Qredo Team
Clearpool Partners with Qredo to Power Secure Institutional Access to DeFi
Qredo's custody infrastructure will provide secure and streamlined custody for Clearpool’s decentralized capital markets ecosystem
London, 2nd February 2022 – Qredo has partnered with Clearpool, a decentralized capital markets ecosystem for institutional borrowers, to enable institutions to securely access digital assets and DeFi.
Qredo’s infrastructure will be integrated into Clearpool’s protocol, empowering institutions to easily and safely deploy capital via a connected MetaMask interface.
This arrangement streamlines inefficient DeFi trade flows by removing the need to migrate funds between wallets with multiple transactions, sign-offs, and gas fees. In addition, it gives users the benefit of institutional-grade governance features such as scalable transaction signing, direct integration, and audit-ready reporting.
As a result, institutions can feel comfortable accessing DeFi, and benefit from enhanced security and operational efficiency, plus the ability to meet the latest compliance requirements.
Finally, Clearpool will also promote Qredo to its growing number of waiting institutional clients, which include high-profile borrowers Amber Group, Wintermute, and Folkvang. In return, Qredo will bring its community of institutional borrowers and lenders to Clearpool’s ecosystem, and offer its white-glove service to onboard institutions.
"Qredo and Clearpool share a vision of using decentralized infrastructure to deliver painless access to DeFi for capital market players" said Josh Goodbody, Qredo COO (LinkedIn | Twitter). Qredo is proud to provide its decentralized custodial and settlement network in support of Clearpool's innovative decentralized capital markets ecosystem."
"Clearpool is very excited to be partnering with Qredo for the design of this important safety-enhancing gateway" added Robert Alcorn, Cofounder & CEO of Clearpool (LinkedIn | Twitter). "Qredo and Clearpool have a strong alignment in terms of vision, especially when it comes to the institutional adoption of DeFi. The benefits this partnership will create are clear for all to see and pave the way for a very exciting road ahead."
Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance. Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle BTC, ETH, and ERC-20 tokens. Assets are secured by Qredo’s advanced Gen 2.0 multi-party computation (MPC), which provides tier-1 bank security and institutional-grade governance.
Clearpool is a Decentralized Capital Markets Ecosystem, where institutional borrowers can create single borrower liquidity pools and compete for uncollateralized liquidity directly from the DeFi ecosystem.