Cardano, a leading Proof-of-Stake (POS) blockchain platform, has made significant strides in strengthening its position in the DeFi realm. Surpassing expectations, the platform has already deployed over 1,000 smart contracts in 2023. Building on this success, Cardano has announced a partnership with Acredius, a highly regarded Swiss fintech firm, to further advance smart contract development on its network and expand the availability of Cardano-based DeFi services.
On May 19, Acredius took to Twitter to reveal its collaboration with the Cardano Foundation on the POS network, introducing a DeFi protocol. Acredius, a Web3 company, aims to utilize Cardano’s smart contracts to enhance its fundraising operations, demonstrating its commitment to delivering cutting-edge solutions to its user base.
Through this partnership, Acredius users will be able to leverage Cardano’s ADA token to invest in registered Swiss businesses on the newly launched platform. Furthermore, Acredius has pledged to establish a secondary market that offers users the ability to liquidate their investments, providing them with enhanced flexibility.
In addition to empowering Swiss businesses, Acredius intends to contribute to Cardano’s dApp ecosystem by facilitating increased smart contract development. The fintech company recognizes the Cardano blockchain’s strengths in terms of security, transparency, and its potential to promote financial inclusion. By leveraging these features, Acredius aims to drive innovation and enable a wider range of users to benefit from decentralized finance on the Cardano network.
