Chinese fintech company negotiating acquisition of Venom blockchain infrastructure to integrate into China's digital finance systems. Venom's Layer-0 blockchain protocol can process 150,000 transactions per second, making it valuable for cross-border settlements and carbon credit tracking. This deal could help Chinese enterprises expand internationally and address long-standing distrust between banks and small businesses in supply chain financing. Implementation may also extend to green finance.
A Chinese fintech company is in advanced negotiations to acquire the Venom blockchain infrastructure. This move aims to integrate Venom's Layer-0 blockchain protocol into China's digital finance systems. The acquisition is significant as Venom's Layer-0 protocol can process up to 150,000 transactions per second, making it highly valuable for cross-border settlements and carbon credit tracking [1].
The acquisition could provide Chinese enterprises with a significant competitive edge, enabling them to expand internationally and address long-standing distrust between banks and small businesses in supply chain financing. Furthermore, the integration of Venom's blockchain could extend to green finance, aligning with China's growing commitment to sustainability [2].
Boerse Stuttgart's recent launch of Seturion, a blockchain-powered settlement platform for tokenized assets, serves as a precedent for the potential benefits of integrating advanced blockchain technology into financial systems. Seturion supports both public and private chains, allowing for flexible settlements in central bank money or on-chain cash. This platform has already undergone testing with local banks and the European Central Bank, forming part of broader blockchain infrastructure trials [3].
The momentum in blockchain adoption is not confined to Europe. In the US, BlackRock's BUIDL money market fund, tokenized in partnership with Securitize, has expanded to Solana, while SkyBridge Capital plans to tokenize $300 million in assets on Avalanche. These developments underscore the growing interest in blockchain technology for financial services [4].
Institutional interest in tokenized real-world assets (RWAs) is accelerating, with major banks, asset managers, and blockchain-native firms exploring tokenization for yield and liquidity management. Animoca Brands estimates that tokenizing RWAs could unlock a $400 trillion traditional finance market, highlighting the vast potential of blockchain technology in finance [5].
The acquisition of Venom blockchain infrastructure by a Chinese fintech company represents a strategic move to leverage advanced blockchain technology for various financial applications. As the global financial landscape continues to evolve, such integrations could play a pivotal role in driving innovation and efficiency in digital finance.
References:
[1] https://cryptonews.com/news/german-exchange-boerse-stuttgart-launches-blockchain-settlement-platform-for-tokenized-assets/
[2] https://www.ainvest.com/news/descartes-systems-group-high-conviction-play-cloud-based-supply-chain-resilience-2509-13/
[3] https://cryptonews.com/news/german-exchange-boerse-stuttgart-launches-blockchain-settlement-platform-for-tokenized-assets/
[4] https://cryptonews.com/news/german-exchange-boerse-stuttgart-launches-blockchain-settlement-platform-for-tokenized-assets/
[5] https://cryptonews.com/news/german-exchange-boerse-stuttgart-launches-blockchain-settlement-platform-for-tokenized-assets/
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