AllianceBlock, the first “globally compliant” decentralized capital market, has entered into an agreement to join the London Stock Exchange Group’s (LSEG) Partner Platform.
According to a release shared with CI, the Partner Platform will provide institutional members “the ability to have direct market access” to AllianceBlock. The Platform aims to support AllianceBlock so that it can offer “innovative” applications and services to financial markets.
As noted in the announcement, LSEG’s Partner Platform provides AllianceBlock access to “unique” go-to-market resources and will focus on helping it on its mission of establishing the first globally compliant “decentralized” capital market.
As mentioned in the update:
“Joining the Partner Platform enables AllianceBlock to reach institutional clients over LSEG’s Global Innovation Network, a purpose-built network infrastructure to support financial services transactions. It also offers LSEG’s connected client community of investment firms, sell-side brokerages, data and technology vendors the ability to access AllianceBlock directly over their existing connections to LSEG.”
Amber Ghaddar, Founder of AllianceBlock noted that this is a major milestone in their journey to connect the traditional financial industry and new digital asset classes. Ghaddar added that “the creation of this new world of opportunity hinges on ensuring all ecosystem players are permitted to act in trust and with transparency.”
Ghaddar added that the LSEG is a global leader in supporting financial markets infrastructure and they’re looking forward to being a part of their Partner Platform as they work to establish a compliant and decentralized capital market.
Rachid Ajaja, CEO and Founder of AllianceBlock said that his company aims to fill “a much-needed gap that has emerged in today’s global financial ecosystem following innovations we have seen over the past number of years.”
“One of the greatest challenges to bridging institutional finance with the new digital asset class is ensuring that access to decentralized markets is trusted and secure and meets globally trusted industry standards. Through the Partner Platform AllianceBlock is able to provide institutional financial markets participants with access to the new opportunities provided by our decentralized protocol that automates the process of converting any digital or crypto asset into a bankable product in a secure, compliant way.”
Nigel Harold, Group Head Global Business Services at LSEG, said that his organization is looking forward to working with AllianceBlock and that they’re pleased they have chosen to join LSEG’s Partner Platform. Harold added that AllianceBlock’s “decentralized” capital market ecosystem can “benefit from LSEG’s extensive experience in enabling business partners to bring their financial applications closer to the trading community, by leveraging our global network of clients and mission critical connectivity infrastructure.”
As covered recently, the developers of Injective Protocol, a digital assets derivatives exchange for DeFi that has been supported by Binance and Pantera Capital, have teamed up with AllianceBlock to introduce “decentralized” oil and gas futures.