Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1.
Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies to deploy their own blockchains, tokenized assets, as well as DeFi services, according to the announcement.
The joint initiative, provisionally called “Huobi Finance Chain,” is targeting enterprises, financial institutions, as well as exchanges, and is set to operate as a regulatory-compliant financial blockchain network.
Specifically, Huobi is planning to enable regulators to access the network and contribute to it as validators. The network will also feature major regulatory tools and requirements including decentralized identifier (DID), Know Your Customer (KYC), and Anti-Money Laundering (AML).
https://cointelegraph.com/news/huobi-unveils-finance-chain-for-building-enterprise-blockchains
