Summary
Provenance Blockchain and Axelar have integrated their platforms to connect the financial ecosystem across blockchains. The collaboration aims to enhance the ability to securely move financial assets cross-chain and support liquidity, accessibility, and flexibility for investors and market participants.
Introduction
Provenance Blockchain and Axelar have partnered to better connect the financial ecosystem across blockchains. This strategic collaboration will improve interoperability and enable seamless transfer, trade, and interaction of financial assets across various platforms, markets, and institutions. The tokenized asset market is expected to grow to over $16 trillion by 2030, highlighting the need for efficient cross-chain movement of financial assets.
Main Points
– Provenance Blockchain is a leading decentralized blockchain purpose-built for financial services, with over $8 billion in real-world financial assets locked. It has supported over $15 billion in on-chain financial transactions and includes more than 70 global institutions and fintechs in its ecosystem.
– Axelar is the largest interoperability platform in Web3, connecting diverse public blockchains through a secure and programmable cross-chain network. It supports General Message Passing (GMP) to deliver seamless cross-chain experiences to users and ensures the security and scalability of cross-chain assets.
– The collaboration between Provenance Blockchain and Axelar will enable easy access to financial assets across decentralized blockchains. It connects Provenance Blockchain’s growing list of on-chain financial assets to Web3 seamlessly and securely.
– The integration of Provenance Blockchain and Axelar will create a “superhighway” that connects asset owners, buyers, and sellers across various marketplaces and major blockchains. This will facilitate the seamless movement of assets across Web3.
Conclusion
The integration of Provenance Blockchain and Axelar aims to enhance the interoperability of financial assets across blockchains. This collaboration will enable secure and efficient cross-chain movement of assets, supporting liquidity, accessibility, and flexibility for investors and market participants. By connecting Provenance Blockchain’s extensive ecosystem with Axelar’s interoperability platform, a “superhighway” is created to facilitate seamless asset transfers across Web3.
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