Quick take:
- The investment provides a pathway for Brevan Howard Digital to participate in Kinto’s mining program that rewards on-chain asset deposits with token emissions.
- Some of the compliance tools integrated into Kinto include Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols.
- The platform also offers a smart contract wallet with default insurance and security enhancements.
Brevan Howard’s digital asset unit has deployed $20 million into the Ethereum-based institutional DeFi platform Kinto. The investment creates a pathway for Brevan Howard Digital to participate in Kinto’s mining program that rewards on-chain asset deposits with token emissions.
Kinto’s Ethereum layer-2 blockchain offers on-chain compliance mechanisms allowing traditional financial institutions to easily integrate digital asset products.
Traditional financial institutions facing strong restrictions to engage in digital asset product offerings can launch their own products by leveraging Kinto’s on-chain compliance tools including Kinto include Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols.
The platform also offers a smart contract wallet with default insurance and security enhancements.
Ramon Recuero, Kinto’s co-founder and CEO highlighted Brevan Howard Digital’s investment in his company’s mining program as a signal of the growing interest from legacy financial institutions in blockchain finance, especially in situations where blockchain companies are able to meet institutional needs.
“Institutions have been waiting for two things: regulatory clarity and compliance features. Now, through Kinto, financial institutions don’t need to wait any longer,” Recuero said in a statement.
Kinto’s mining program incentivises participants by offering token emission rewards for deposits to its platform.
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