Ethfinex and Rigoblock to Launch Decentralized Asset Management Network for Trustless Trading
Ethfinex, the cryptocurrency exchange that focuses on ERC20-compatible tokens has announced a complete integration of Rigoblock's services as part of a joint partnership. Rigoblock, the crypto asset management firm, allows any individual to easily establish Blockchain Token pools and incorporate their digital token strategies.
We are pleased to unveil the full integration of the @RigoBlock asset management infrastructure on Ethfinex Trustless!
— DeversiFi (@deversifi) December 13, 2018
ETHFINEX's vision is to provide decentralized asset management and thus open up the use of Ethereum network to a wide range of users. The collaboration with Rigoblock will enable Ethfinex customers to decentralize token pools, deploy, manage, and trade them. This marks the industry-first partnership set to reinvent the traditional asset trading model.
“We are incredibly excited to be collaborating with Rigoblock to deliver a seamless asset management experience on Ethereum,”
remarked Will Harbone, Director of Operations at Ethfinex.
“With shared ethos to provide a democratized and decentralized trading environment for the community, we are certain that this collaboration will pave the road for fantastic development to take place within the realm of decentralized finance.”
The Director's sentiments give insight to the secure and transparent trading experience. As a blockchain protocol, Rigoblock enables anyone to establish and run a decentralized token pool. The protocol provides modular and abstract software that developers can use to personalize the blockchain and run their applications.
Rigoblock turns the traditional model of asset management by eliminating the different fees deducted from the funds. Its proof-of-performance algorithm rewards the protocol operators according to their performance and assets within the pools they are running. Such action provides the ultimate transparency and equality in the blockchain protocol.
Gabriele Rigo, Founder, and CEO of Rigoblock, comments by saying:
“We are excited to reveal the integration of two open protocols working seamlessly together to bring value to this space. We are confident that Ethfinex and Rigoblock collectively will pave the way always innovative applications being built, and thereby a new wave of financial revolution.”
Already, Rigoblock is providing its asset management tools on Ethfinex Trustless- Ethfinex's highly liquid off-chain order book that ensures an entire seamless trading process. The Ethfinex trustless trading experience fully decentralizes trading solutions by providing trustless, high-liquidity and anonymous trading solutions to the over 57 Ethereum-based tokens on the platform. Users require no deposits, no sign-ups or KYC requirements in a move that eliminates the common concerns associated with the existing centralized trading entities.
Overall, Ethfinex is looking to power an era of seamless digital asset trading in the hands of the user.
Rigoblock is a blockchain protocol that acts as a complete solution for the development of decentralized applications for asset management. The protocol exists to create a new generation of asset traders while also introducing a new level of asset management infrastructure. Rigoblock is a graduate venture from the Blockchain Business Solution accelerator program- a product from H-Farm and Deutsche Bank's cooperation.
Ethfinex is a crypto exchange brought to you by Bitfinex. The platform acts as an investment and information hub by allowing for trading and discussion on matters of ERC20 token models and Ethereum-based crowdsales.