September 16, 2021 - 3 min read
SupraOracles will be partnering with DeFinity with the shared vision of employing cutting edge technology to empower digital and traditional financial markets. Created by foreign currency & liquidity platform DMALINK and blockchain firm WeOwn, DeFinity is a decentralized exchange that supports digital and traditional FX, as well as real-time clearing in spot FX. DeFinity is also uniquely positioned to support a highly anticipated and inevitably important invention – the CBDC (central bank digital currency).
DeFinity decided to partner with SupraOracles for its secure, accurate, and fast price feeds. FX markets leave no room for error, and SupraOracles will ensure data accuracy without compromising on speed and security. As DeFinity and its creators develop and test new ideas, features, and products, SupraOracles will be ready to adjust and innovate to ensure smooth launches and transitions.
Manu Choudhary, CEO and Co-founder of DeFinity, said, “Market data is the lifeblood of our company, and we are very excited to partner with SupraOracles, to help us secure the oracle layer.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “DeFinity is an exciting project that brings value to decentralized and traditional financial markets. The creators of the project, DMALINK and WeOwn, have respectable expertise that will strengthen DeFinity’s long term strategy.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
DeFinity is a financial technology firm powered and owned by DMALINK and WeOwn, specialising in traditional and digital FX, which is designing a decentralised exchange, using smart contracts, with a focus on real-time clearing. Harnessing the power of decentralisation within a strong regulatory framework, the firm is specifically geared towards the future support of central bank digital currencies and decentralised financial services for FX.
Sign up for the Supra newsletter for company news, industry insights, and more. You’ll also be the first to know when we come out of stealth mode.