Boosting adoption with DeFi asset management: Velvet Capital joins Cointelegraph Accelerator
Gone are the days when decentralized finance (DeFi) was a niche for crypto frontrunners, while centralized finance (CeFi) was the absolute owner of users’ trust. Following the collapse of major centralized organizations within the industry, such as FTX, Prime Trust, and Celsius, among others, the user base — from traders to asset managers — realized the importance of self-custody and started looking for advanced services within the DeFi space.
Backed by Binance Labs, Velvet Capital offers an infrastructure for digital asset management to be done fully on-chain and eliminates/minimizes the barriers to entry for emerging fund managers, allowing people from all expertise levels to create and manage on-chain funds and structured products with minimal effort.
A Statista report shows that DeFi usage grew from less than 1,000 users in 2017 to over 6 million in January 2023, highlighting a significant inflow to the DeFi ecosystem.
The number of unique addresses that entered the DeFi space grew exponentially between 2019 and 2023. Source: Statista
Serving as a cross-chain DeFi asset management operating system, Velvet Capital is integrated with major DeFi protocols, like Chainlink, Safe, 0x, 1inch and PancakeSwap, enabling asset managers, banks, fintech companies and traders to trade on-chain and leverage its DeFi-as-a-Service offerings. With this model, Velvet provides capabilities to launch and manage DeFi funds with ease.
Velvet’s DeFi-as-a-Service model helps launch a tokenized fund or strategy product while executing fully on-chain. Through Velvet Capital's smart routing and yield farming integrations, users can also increase the capital efficiency of their portfolio.
In response to the growing demand for decentralized
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