AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming “Internet of Finance” protocol.
Once completed, the product integration will allow users to access AllianceBlock’s DeFi Investment Terminal, P2P financial services, nonfungible token capabilities and KYC solutions directly on Avalanche. The partnership also includes development work with Ava Labs, the development team behind Avalanche.
Rachid Ajaja, founder and CEO of AllianceBlock, says both organizations share a common mission in promoting the growth of a compliant DeFi ecosystem:
“Avalanche’s mission of empowering people to build an open, simple, and democratic internet of finance is right in line with what we are doing at AllianceBlock; our multifaceted blockchain-agnostic protocol enables banks and their clients to simply, safely, and legally trade any crypto product.”
Avalanche has enjoyed considerable success since the launch of its Avalanche-Ethereum Bridge, or AEB, in February 2021. Since launch, transactions have increased by nearly 2,000% to over 1.1 million. Over 62,000 unique wallet