SolidViolet Announcing Forthcoming Exchange to Address Compliance and Liquidity Issues in DeFi and RWAs

SolidViolet Announcing Forthcoming Exchange to Address Compliance and Liquidity Issues in DeFi and RWAs

[Palo Alto, CA – May 16, 2024] – Dinari today announced the upcoming release of a new compliant exchange, SolidViolet. Teased on stage last week at TokenizeThis, Dinari is setting up a separate entity to launch the new protocol. The underlying compliant trading solution that SolidViolet offers will be coupled with features to aggregate and fund Real World Asset (RWA) liquidity on chain for a variety of issuer partners.

In addition to the announcement of the new protocol, SolidViolet announced the release of a staking contract for early investors to deposit Lido Staked Ethereum (stETH) and mainnet to receive SolidViolet’s native token upon token launch in Fall 2024. Investors who participate in the first week of staking will receive a 2x boosted rate for their deposits. The staking pool is available at solidviolet.com.

Among SolidViolet’s core features are solutions for perpetual futures trading, allowing investors to take positions previously available, leveraging Dinari dShares and a number of other partner assets. Additionally, SolidViolet will seek to set up a number of mechanisms to tangibly support issuer liquidity. This will include tooling to allow for issuers to control the circulation of their assets to ensure regulatory compliance, and a user centric KYC flow for investors to open access to as many assets and markets as possible, as seamlessly as possible.

Dinari CEO Gabriel Otte stated, “for SolidViolet, utility isn’t just a feature, it’s the foundation. A tokenized asset only gains true power when it can be compliantly used across the DeFi. We’re proud to be bringing SolidViolet to market to enable RWA issuers to bring their assets on chain, and provide institutions with a legitimate path to participate in the future of finance.”

The infrastructure for SolidViolet has been in ongoing development for over a year, built by founders (with multibillion dollar exits) and executives from Crunchyroll, LegalZoom, Freenome, and a number of other unicorn tech companies and Fortune 500 enterprises. The SolidViolet protocol is currently raising funding via a private sale and securing initial go to market partners, including many of top RWA protocols. A public pre-sale and public sale are scheduled for this Summer 2024, with Protocol Launch and IDO slated Fall 2024

 

About SolidViolet:

SolidViolet is a blockchain-based exchange focused on optimizing liquidity and accessibility of Real-World Assets. The platform prioritizes compliance, security, and liquidity to create a robust and efficient marketplace for issuers and investors within the DeFi landscape.

Follow us on Twitter, and join our community to learn more about SolidViolet’s solutions for the RWA market:

 

Disclaimer: 

This press release shall not constitute an offer to sell or a solicitation of an offer to sell, subscribe to, or buy any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or other written materials that meet the requirements of the applicable securities laws of any other jurisdiction, or an applicable exemption therefrom.

Media Kit

SolidViolet Media Kit (Q2 2024)

 

For Media Inquiries:

Matthew Eisner

Head of Product & Growth – SolidViolet & Dinari

Email: [email protected]

US: +1 404 312 6583

UK: +44 7523 506891

 

bitcoin
Bitcoin (BTC) $ 62,282.69
ethereum
Ethereum (ETH) $ 3,368.56
tether
Tether (USDT) $ 0.999437
bnb
BNB (BNB) $ 567.80
solana
Solana (SOL) $ 124.58
usd-coin
USDC (USDC) $ 0.999955
staked-ether
Lido Staked Ether (STETH) $ 3,367.30
xrp
XRP (XRP) $ 0.472988
the-open-network
Toncoin (TON) $ 7.24
dogecoin
Dogecoin (DOGE) $ 0.119101
cardano
Cardano (ADA) $ 0.373942
tron
TRON (TRX) $ 0.118466
shiba-inu
Shiba Inu (SHIB) $ 0.000017
avalanche-2
Avalanche (AVAX) $ 24.42
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,227.67
chainlink
Chainlink (LINK) $ 13.03
polkadot
Polkadot (DOT) $ 5.64
bitcoin-cash
Bitcoin Cash (BCH) $ 370.72
uniswap
Uniswap (UNI) $ 9.18
near
NEAR Protocol (NEAR) $ 5.20
wrapped-eeth
Wrapped eETH (WEETH) $ 3,497.79
leo-token
LEO Token (LEO) $ 5.78
litecoin
Litecoin (LTC) $ 71.21
dai
Dai (DAI) $ 0.998603
matic-network
Polygon (MATIC) $ 0.552346
pepe
Pepe (PEPE) $ 0.000011
internet-computer
Internet Computer (ICP) $ 7.75
ethena-usde
Ethena USDe (USDE) $ 0.999694
kaspa
Kaspa (KAS) $ 0.147003
fetch-ai
Fetch.ai (FET) $ 1.38
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,396.19
ethereum-classic
Ethereum Classic (ETC) $ 22.63
monero
Monero (XMR) $ 165.32
aptos
Aptos (APT) $ 6.58
render-token
Render (RNDR) $ 6.90
hedera-hashgraph
Hedera (HBAR) $ 0.074726
stellar
Stellar (XLM) $ 0.088996
cosmos
Cosmos Hub (ATOM) $ 6.57
arbitrum
Arbitrum (ARB) $ 0.771173
mantle
Mantle (MNT) $ 0.762330
okb
OKB (OKB) $ 41.41
crypto-com-chain
Cronos (CRO) $ 0.089065
filecoin
Filecoin (FIL) $ 4.23
first-digital-usd
First Digital USD (FDUSD) $ 0.998075
blockstack
Stacks (STX) $ 1.54
immutable-x
Immutable (IMX) $ 1.47
maker
Maker (MKR) $ 2,230.22
sui
Sui (SUI) $ 0.836073
vechain
VeChain (VET) $ 0.024451
injective-protocol
Injective (INJ) $ 20.11