The trust layer for on-chain markets.
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@LaserDigital_, a @Nomura group company, has chosen @KeyringNetwork as their DeFi partner.
This partnership underscores our tier-one institutional offerings of structuring, settlement technology and permissioned DeFi.
The initial markets will be live on @eulerfinance 👀
Laser Digital is partnering with @KeyringNetwork on institutional fixed income products, beginning with decentralised lending markets on @eulerfinance
🔗 laserdigital.com/newsroom/la…
🗒️ Professional and institutional investors only. Capital at risk. laserdigital.com/marketing-d…
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We get asked regularly if keyring can be compliant and the answer is 💯
Actually, we can support all FATF recommendations with explicitly nods towards the FATF recommendations 10 & 17.
We see a lot of interest in this topic right now and so here’s what we share new users when they reach out…
INSIGHT: SEC Commissioner Hester Peirce calls for a rethink of KYC and AML oversight.
She argues the "more data, the better" approach creates haystacks too big to find needles, and that zero-knowledge proofs could verify compliance without exposing personal data.
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Decentralised protocols & AML/CFT
Users that rely on keyring to prove AML/CFT from third parties will generally be fully decentralised protocols that assess that they outside of the guidance of regulated activities and as such have no centralised control point or entity or person that can perform a continuous monitoring task. These entities often want to still do their best by tackling the worst ills of humanity such as terrorism, drug and people trafficking so they implement keyring in a fully decentralised infrastructure format that does the best that they can given their decentralised nature.
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Keyring Network retweeted
We tore down the walls surrounding the world's most valuable markets.
$70T+ in stocks are now accessible with rTokens @RealityFi_xyz
This was made possible with the support of industry giants & close partners working together. We'll start with @arbitrum:
Welcoming a new @RealityFi_xyz to Bitget Wallet
1,700+ tokenized US stocks are now accessible 24/7 via rTokens. 1:1 backed by US stock custody, traders get direct access to Nasdaq + NYSE liquidity
Hold, trade or pair them. Imagine the endless realities: web3.bitget.com/en/blog/arti…
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@Bitget 🫶 @KeyringNetwork 🫶 @eulerfinance
Seeded by the @bitget earn programme, @KeyringNetwork is bringing tokenised assets by @RealityFi_xyz to @eulerfinance.
The equity basis premium will define the next explosion in tokenised global markets.
Powered by @BitgetWallet @BitgetWallet; on @arbitrum, the home of tokenised stocks.
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Maths is cooked so our quants became voice actors instead … new [un]wind episode live!
Check comments for 🇨🇳 Chinese, 🇰🇷 Korean and 🇯🇵 Japanese versions.
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Keyring Network retweeted
The Revolut story (thanks @zachxbt for bringing us to our attention) is a good time to bring back zkKYC.
Prove what’s required without exposing a passport, selfie and home address every time. Zero-knowledge should mean less personal data to collect, retain and hand over.
Who’s building this at scale today? I remember working on it.
> @KeyringNetwork
> @zkme_
> @zkPass
> @PrivadoID
> @GalacticaNet
What’s the current state of play and why those players are not getting adoption during those years?
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Keyring Network retweeted
Tokenisation scales when the digital record and legal claim point to the same ownership. Before asking where a tokenised asset can move, ask what the token records.
Professional and institutional investors only. Capital at risk. laserdigital.com/marketing-d…
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Keyring Network retweeted
In The Defiant, @Jez_Laser on our work with @KeyringNetwork:
“Institutional interest in on-chain fixed income stems from real opportunity, but constraints remain.”
thedefiant.io/news/defi/nomu…
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Keyring Network retweeted
Street robbery collapsed in the West because banks could get stolen money back. With finality you can't.
Why blockchains are still bad rails for everyday economy - more reasons in the new podcast with Alex McFarlane (@flipdazed) of @KeyringNetwork:
piped.video/watch?v=Cnb6X905…
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We're moving one more step towards fully autonomous decentralised markets.
LTV and supply caps were long a black box. By inheriting @ISDA parameters we delegate that role from startups back towards truly decentralised global organisations that are better equipped to opine.
The next step is combining this process with a deterministic, verifiable AI model that fully automates the origination process of asset onboarding.
I spent about 6 months on creating an implementation of @ISDA's SIMM for DeFi.
I hope this represents a step forwards in providing an open-source guide to removing the risks around arbitrary leverage in DeFi.
As a lender, you can use an AI model to audit collateral LTV limits for safety.
This gives you minimum safety bounds, derived from cross-industry quants and experts to rely on.
For risk managers, structurers and lending protocols this gives you a benchmark on how to set parameters with a full methodology.
Now caveats, I'm really not happy with putting this out there today as I feel like it's not finished and I keep finding errors here and there. But it's at the point, where my errors seem to just be grammatical or bad phrasing, or some random slop that snuck in. Whilst, I remain unable to say this is a final version I think it's well past the 80/20 principle and needs to just get out there.
Contributors ...
1) As mentioned, this isn't finished (arg). There are a number of sloppy parts in the back components in particular.
2) We need to extend this to a new crypto risk class
- btc, eth, sol, avax etc.
- bridges (wBTC, BTC.b etc)
- wrappers / staking (wstETH, weETH, wETH etc.)
3) I'll be working on some edits over the next few weeks into FX, Equities, Comm etc as they're a LOT easier than tokenised funds.
Link in comments ...
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Keyring Network retweeted
Leverage is what blows up DeFi. Everytime.
Incentives for lending markets are messed up: markets take a performance fee on borrowing so more leverage means more profit (until it blows up!)
What if all the top financial institutions and their quants sat down and figured out how to calculate margins for clearing purposes?
Turns out they did.
Many times.
They even created a DAO called @ISDA.
And the methodology works for DeFi.
We have adopted @ISDA's SIMM standard in combination with Basel III's FRTB liquidity horizons to underpin our risk methodology at @KeyringNetwork for margining (setting LTV) in decentralised lending and borrowing.
In our markets there is almost no discretion.
No negotiation for favourable terms.
No flow-driven parameters.
No re-inventing the wheel.
Verify. Don't Trust.
Full methodology of D-SIMM coming very shortly ... a teaser snippet below.
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