DeFi Technologies, Pomp Investments Invest in DeFi platform SOVYRN
DeFi Technologies (NEO: DEFI, GR: RMJR, OTC: RDNAF) has invested alongside Pomp Investments (Anthony Pompliano’s investment fund) into SOVYRN, one of the first implementations of decentralized finance technologies specifically designed for the Bitcoin network.
This new model for financial services enables transactions between different parties to be processed through distributed ledger technology, or blockchain, rather than centralized through a traditional financial institution.
SOVYRN’s decentralized protocol extends the functionality of Bitcoin beyond permissionless, monetary sovereignty to include financial services such as trading, lending, liquidity insurance, and many other forms of trustless finance. In order for Bitcoin to reach its full potential, SOVYRN creates a decentralized financial operating system that, like Bitcoin, is borderless, censorship resistant, permissionless, and secured by the Bitcoin Network.