Orbit Chain announces strategic partnership with Alameda Research

Orbit Chain are excited to announce today that they has finalized a strategic investment from Alameda Research to further research and development in the field of cross-chain DeFi.

This investment will see Orbit Chain and its holding company, Ozys, expand the reach of their proprietary cross-chain DeFi technology from South Korea to the global blockchain market.

As it currently stands, Asia’s DeFi market remains underdeveloped in comparison to other parts of the world. Ozys and Orbit Chain are spearheading the development of DeFi in Asia by offering all things DeFi, from a cross-chain bridging protocol, yield farming, and AMM swap services.

The highly functional cross-chain bridging protocol offered by Orbit Chain, in particular, is expected to benefit significantly from this exposure, as it is currently the most advanced solution bridging the largest number of heterogeneous blockchains in the world.

The tie also opens mid to long term possibilities of Alameda’s various assets leveraging Orbit Chain for enhanced cross-chain features as well as increased exposure in the Korean market.

“We are excited for the new advancements that will be made possible in the field of DeFi as a result of this partnership,”

– T.K. Park, CEO of Ozys and the Orbit family of products

About Alameda Research

Alameda Research requires little introduction. Founded in 2017, Alameda Research is the brainchild of Sam Bankman-Fried, who is also the CEO of FTX.com. Alameda Research manages over $100 million in digital assets and trades $600 million to $1.5 billion per day across thousands of products. Currently, Alameda Research is backing some of the most technologically advanced solutions in the blockchain industry such as Solana, FTX, Serum, Raydium, Bonfida and more.

About Ozys & the Ozys family of products

Ozys is the team behind Orbit Chain. Founded in 2017, Ozys is a South Korea-based blockchain technology company focused on a singular goal — to make blockchain easily accessible to all. The culmination of this goal is Orbit Bridge, a cross-chain powered asset transfer platform that allows for communication between different blockchain Mainnets, all completely decentralized.

📰 INFO

https://medium.com/orbit-chain/alameda-research-strategically-partners-with-orbit-chain-b88d1021c9f5