KEY TAKEAWAYS
- MANSA partners with Clearpool to enhance cross-border payment financing on the Ozean platform, targeting emerging markets.
- Ozean, an Ethereum Layer 2 platform, integrates real-world assets to offer compliant and scalable DeFi solutions.
- The partnership aims to leverage Ozean’s features to democratize finance and address the $2.5 trillion business credit gap.
On November 26, 2024, MANSA, a fintech company focused on revolutionizing global payments through stablecoins, announced a partnership with Clearpool to provide financing solutions for cross-border payments companies on the Ozean platform. This collaboration aims to deploy MANSA’s services on Ozean’s Testnet in the coming weeks and subsequently on its Mainnet, once live.
MANSA’s initiative is designed to source capital from institutional and accredited investors, offering short-term financing to ensure that payment providers have sufficient funding for cross-border settlements. This move is particularly targeted at individuals and businesses in emerging markets, addressing the $2.5 trillion annual business credit gap. MANSA’s recent deployment on Base and its expansion to Ozean highlight its commitment to democratizing finance and enhancing liquidity in cross-border payments.
Ozean’s Role in Transforming DeFi
Ozean, a permissionless Ethereum Layer 2 platform, integrates real-world assets (RWAs) in a compliant and user-friendly manner. It allows users to earn native yield on-chain automatically. The platform’s focus on compliance and scalability makes it an attractive ecosystem for projects like MANSA, which aims to facilitate cross-border payment financing opportunities in the decentralized finance (DeFi) space.
Jakob Kronbichler, CEO & Co-founder of Clearpool, noted the growing interest in Ozean’s blockchain for RWAs, especially as its Testnet launch approaches. He emphasized the unique opportunities that projects like MANSA bring to the Ozean ecosystem, particularly in expanding cross-border payments in emerging markets.
Strategic Partnerships and Future Prospects
MANSA’s partnership with Clearpool is part of a broader strategy to provide crucial liquidity to payment companies, enabling them to support new jurisdictions and continue their growth. Since launching its first liquidity pool two months ago, MANSA has established several partnerships to enhance liquidity for payment providers.
Mouloukou Sanoh, CEO & Co-founder of MANSA, expressed enthusiasm for the partnership, highlighting Clearpool’s alignment with MANSA’s mission to facilitate cross-border payments financing in the DeFi space. The collaboration is expected to leverage Ozean’s compliance and scalability features to advance MANSA’s goals.
Ozean’s ecosystem, powered by the CPOOL token, is supported by Optimism’s Superchain, Hex Trust’s global infrastructure, and enhanced liquidity via Velodrome. It also offers seamless cross-chain connectivity with other leading Layer 2 solutions and Solana through LayerZero, positioning Ozean as a leader in on-chain RWA yield.
For more details on the partnership, visit the official announcement here.
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