Brevan Howard’s Crypto Arm places $ 20 million in an ethereum -based KINTO in institutional Defi Push.

Based on the ABU DHABI of the Global Investment Management company’s encryption ARM, Brevan Howard Digital’s ABU DIGITAL has deployed $ 20 million in KINTO, a blockchain platform designed for institutional participation in Defi (Defi).

With this deposit, Brevan Howard Digital is one of the first traditional financial companies that utilize KINTO’s warm mining programs, the protocol said.

KINTO is operated on an Ethereum layer-2 network with an intestinal comup mechanism, including KyC (Know-Your-Customer) and AML (Mony-Saundering) protocol, and a financial institution facing strict regulatory requirements to participate in deferral finance. Promote. It also offers a smart contract wallet with basic insurance and security improvement.

Further Read: Blockchain Start Up KINTO Plans’ First Kyc’D’D’Ethereum Layer-2 $ 5M

The mining program of the platform, which will be operated for 10 years, encourages participants by distributing token rewards for depositing assets to KINTO. The mining program was an essential element of the defect division, but due to the obstacles of regulations, the traditional financial institutions did not reach the hands of the traditional financial institutions.

According to KINTO’s co -founder and CEO, the signal of Brevan Howard Digital is raising the interest of legacy finance companies on blockchain -based finance. “The institution is waiting for two ways: regulatory clarity and compliance. Now, through KINTO, financial institutions don’t have to wait anymore, ”he said.