KEY TAKEAWAYS
- Kima Network is launching its Token Generation Event on November 26, transitioning from Diversifi to focus on bridging DeFi and TradFi.
- The network has processed over 1.1 million transactions on its testnet and partnered with more than 40 entities, showcasing its robust ecosystem.
- Supported by Mastercard’s FinSec Innovation Lab, Kima Network has secured $7 million in funding and integrated with multiple projects to enhance financial interoperability.
- Kima Network introduces innovative solutions like Smart Transactions and an SDK to facilitate seamless interchain and hybrid transactions.
Kima Network, originally known as Diversifi, is set to launch its Token Generation Event (TGE) on November 26. The project has evolved from focusing on safe crypto investment strategies for sophisticated investors to bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi). This evolution aims to enable seamless, secure, and compliant financial transactions.
The team behind Kima Network, including Co-Founders Eitan Katz, Guy Vider, and Tzahi Kanza, has been instrumental in driving the vision of Financial Interoperability 2.0. The network has achieved significant milestones, such as processing over 1.1 million transactions on its testnet and operating on more than ten blockchains. Additionally, Kima Network has onboarded over 800,000 unique wallets and partnered with more than 40 entities, with 200 decentralized applications (dApps) in its pipeline.
Supported by Mastercard’s FinSec Innovation Lab and incubated by ChainGPT, Kima Network has secured $7 million in funding from top-tier partners. The network has also integrated with four projects, with more integrations planned. To better serve its growing ecosystem, Kima Network has expanded its digital presence with a dedicated platform for financial institutions, kima.finance, tailored to meet the needs of banks, enterprises, and other TradFi players.
Innovative Financial Solutions
Kima Network is an asset-agnostic, blockchain-based decentralized settlement protocol designed to address fragmentation in the crypto and broader financial space. By introducing the Smart Transaction, a new financial primitive, and an easy-to-use software development kit (SDK) for Web3 and Web 2.0 applications, Kima Network aims to open access to new audiences through interchain and hybrid transactions.
The settlement layer supports multi-ecosystem payments, peer-to-peer commerce, centralized finance (CeFi) and DeFi services, cross-chain decentralized exchange (DEX) swaps, and omnichannel wallets. This approach provides a seamless way to connect fiat and crypto, emphasizing security and accessibility.
As Kima Network approaches its TGE, the project is poised to take the next significant step in revolutionizing financial connectivity. More details about the network’s evolution and future plans can be found here.
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