As the blockchain industry grows, the crypto storm is blowing into East Asia as well.

It was Thailand’s first top blockchain technology summit, Crypto Expo 2022, held in Bangkok in May, where many well-known brands participated, including Bitkub, ZIPMEX, FINTOCH, and Bittaza. And the invited official guest such as the Deputy Director General of the Tourism Authority of Thailand. Attendees will gain insight into the latest blockchain tech trends from 80 speakers during the four-day event.

FINTOCH is a blockchain-based investment platform developed by Morgan DF Fintoch

, which provides 100 percent peer-to-peer investment with no dead space through HyBriid, an innovative blockchain security technology. Users can enjoy secure lending, borrowing, and investment services in FINTOCH which is like a decentralized bank.

Once an investor’s funds are at risk, the system is forced to liquidate immediately, making it a truly zero-risk blockchain investment. Moreover, borrowers can leverage their borrowing by pledging less margin with the security of capital technology.

DeFi 2.0 is widely considered to be the next application of this technology, which is expected to further boost of its development.

FINTOCH’s security technology is based on,”zero-knowledge proof” and “multiple signature” technologies, which are implemented as follows. Whenever a borrower requests a loan, he or she must submit a deposit of 50% of the requested funds. Afterward, a multi-signature wallet is jointly created by the borrower, the platform, and the monitoring nodes. Lenders who are willing to lend funds will transfer the money to the multi-signature wallet, which is co-managed by the three parties.

When the borrower wants to use the funds, two of the three parties must agree. Among them, the private key of the supervisory node is randomly selected10 nodes from 100 anonymous monitoring nodes to jointly create the private key that represents monitoring nodes. Furthermore, the funds in the multi-signature wallet cannot be transferred to the private wallet at will but must be invested in the FINTOCH-awarded DEX.

The user’s funds remain under FINTOCH’s supervision during the DEX investment period, and if a margin shortfall or investment loss exceeds the margin balance, mandatory liquidation will be initiated and the funds will be converted to the lender’s provided currency and withdrawn from the multi-signature wallet for eventual return to the lender. The above actions are initiated automatically by the FINTOCH system and also require the consent of two of the three parties to the multi-signature wallet. This ensures that users’ funds are monitored 24 hours a day without the risk of loss.

FINTOCH’s technology is a new milestone in the implementation of blockchain business. The zero-risk lending and investment will definitely attract more capital to crypto-assets and accelerate the development of the DeFi.

Will FINTOCH really have the Midas touch to make DeFi 2.0 a paradigm shift? It is worth keeping an eye on the industry.

When people think that DeFi is not innovative anymore, US banking giant Morgan Stanley starts a new DeFi business. The sources pointed out that Morgan Stanley recently reached an agreement with a US technology company called Df technology to collaborate and start a new company. Focusing on the innovation of blockchain financial platforms, it aims to create a new DeFi model as a “decentralized bank”, which is likely to sweep the entire industry.
A previous agreement was reached and signed at Morgan Stanley’s headquarters. The new company name is Morgan DF Fintoch . Morgan Stanley and Morgan DF Fintoch each hold approximately 33% and 67% of the shares. Morgan DF Fintoch, with its capital strength and expertise in the finance industry, will concentrate on developing Fintoch, the company’s blockchain financial platform, which expects a major upgrade.

Fintoch is an investment platform that focuses on blockchain finance. Its core technology is an innovative smart contract technology developed from the breakthroughs in technology with “zero-knowledge proof” and ” multisig”.

Fintoch platform is different from a typical DeFi investment in that the lender providing the funds is not at risk of losing anything with the protection of the HYBRIID technology. Because funds provided to Fintoch will be held in a multisig address that is jointly monitored by the platform and monitor nodes.

Besides the security deposit, the borrower must also obtain “multiple signatures” from the monitoring nodes or the platform in order to access and transfer the funds to a Fintoch-awarded DEX for investment.

In addition, the user’s investment funds in the DEX are constantly regulated by Fintoch’s smart contracts. Once the investment lose money, and the liquidation conditions are met, it will immediately and automatically swap the investment funds into the currency provided by the lender, and withdraw them to the multisig wallet to ensure that the lender does not suffer any losses.

According to the report, HYBRIID includes a technology that prevents collusion and self-stealing between monitor nodes and funds users, also known as “zero-knowledge proof” technology.

Fintoch currently has 100 monitor nodes. Each time a user wants to borrow funds, a random group of 10 nodes will be selected out of 100 monitor nodes. After that, the private key is generated through zero-knowledge-proof encryption. This private key, along with the private keys of the platform and the user, creates an independent multisig smart contract together. If anyone wants to cheat with monitor nodes, he or she needs to include the entire group of monitor nodes as his or her “moles”, and the probability of this is almost zero.

More importantly, even if a group of cheating nodes is selected, cheating cannot be achieved since all three parties remain anonymous. This technological breakthrough enables any user on the Internet to manage funds with the platform and the monitor nodes. The whole process is on the blockchain, via the implementation of smart contracts. Not only it is transparent, but also provides 100% monitoring.

With its powerful peer-to-peer investment and lending services, Fintoch is poised to become a decentralized bank, meeting the needs of both lenders and borrowers. Combining the advantages of new technology and traditional finance, Fintoch is predicted to be a game-changer in the DeFi market.