Sirlibz
The Cardano Foundation, the entity responsible for the growth of the Cardano blockchain is in partnership with a Switzerland based Fintech firm, Lykke Corp.
The partnership will be symbiotic for both entities since they plan on leveraging each other’s tech and area of specialization. The collaboration will enable the Cardano blockchain to be utilized in helping cement Lykke Corps position in the financial markets and will also enhance it’s financial offerings.
Lykke Corps is in process of applying for the Swiss Financial Market Supervision Authority (FINMA) authorization and if authorized or approved, it will allow for vast growth of its operational scope and product offerings.
With this partnership, Lykke Corps will be able to accelerate the development of its financial products with the help of the Cardano blockchain.
“Cardano has all of the critical attributes to become the blockchain of choice for banks— scalability, formal methods, and a peer-reviewed code base. Our collaboration with the Cardano Foundation enhances the organized trading facility (OTF) offerings of Lykke, and paves the way for new Lykke products and services built and deployed on Cardano.”
