Boosting adoption with DeFi asset administration: Velvet Capital joins Cointelegraph Accelerator

Gone are the times when decentralized finance (DeFi) was a distinct segment for crypto frontrunners, whereas centralized finance (CeFi) was absolutely the proprietor of customers’ belief. Following the collapse of main centralized organizations throughout the business, equivalent to FTX, Prime Belief, and Celsius, amongst others, the consumer base — from merchants to asset managers — realized the significance of self-custody and began searching for superior providers throughout the DeFi house.

Backed by Binance Labs, Velvet Capital gives an infrastructure for digital asset administration to be executed totally on-chain and eliminates/minimizes the boundaries to entry for rising fund managers, permitting individuals from all experience ranges to create and handle on-chain funds and structured merchandise with minimal effort.

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