COMDEX – Democratising Finance by Bridging DeFi and CeFi
The Covid-19 pandemic reshaped the world’s financial markets and created a new normal. In this brave new world, there is a massive gap between trade and finance, and minimal access to funds from traditional sources.
Now, retail investors who are struggling to outpace inflation are seeking options outside of traditional financial instruments. Unfortunately, they have few options. They are forced to turn to speculative and high-risk asset classes because many of them don’t have access to safer products that focus on sustainable positive yields. Luckily, every problem creates an opportunity. Comdex seized that opportunity and has created a gateway for the flow of capital.
Just as the internet provided ordinary investors with easy access to equities and forex markets, the winds of change are now once again sweeping the financial industry. Distributed ledger technology is at the center of this new wave of innovation. The blockchain revolution is opening up a whole slew of global, dynamic investment vehicles to retail investors.
Comdex – an ecosystem of solutions to democratize finance and link DeFi and CeFi – launched its mainnet on November 20th. Its decentralized synthetics protocols allow investors to access a range of financial assets. Simply put, Comdex is opening the financial markets so that inexperienced investors can access safer investment tools like PE funds and commodity trade finance funds.
Comdex runs on the Persistence ecosystem, and it’s helping democratize finance and bring trust and efficiency to the industry. Learn more about Comdex ahead of its launch.
Bridging DeFi and CeFi
Two years ago, Comdex set forth on a path to create a range of solutions that enhance users’ access to financial products and services through blockchain technology, which has made their trading equity derivatives easily accessible. In addition, the protocol intends to make real-world investment vehicles and products readily available to retail investors.
Comdex’s enterprise trading platform is built on the Persistence SDK designed to facilitate creating and exchanging tokens that represent real-world commodity assets. This decentralized synthetics exchange enables level up the field for crypto holders by exposing them to various synthetic options.
The enterprise trading platform creates real-world commodity assets NFTs on the Persistence blockchain. Users can then exchange ownership of these NFTs on-chain. Since it’s all happening on the distributed ledger, the platform has enhanced the auditability of transactions and efficient deal-workflows, which all help MSMEs and SMEs establish the trust needed to access trade finance. The platform has broken down the barriers that restricted financial assets and is a considerable step towards democratizing finance. It has processed about $160M in trade volumes with over 18 organizations from Southeast Asia already on board.
Speaking ahead of Comdex’s imminent launch, Evan Winter, Comdex CEO, said technology is the only way to deliver accessibility and transparency to financial trade.
“DeFi will democratize access to finance knowledge and business.”
As for ShipFi’, Winter says its overarching goal is to make alternative assets more approachable without doing away with the institutional-grade due diligence.
Comdex Debt Tools
ShipFi facilitates the digitization of trade finance debt products and is Comdex’s foundation. Besides, this opens historically safe trade finance debt assets to crypto holders through their crypto holdings.
Comdex will facilitate the on-ramp of these debt assets onto its chain. To do this, the firm will issue synthetic tokens representing the value of the debt and sell them to investors to democratize their exposure.
In essence, the ShipFi ecosystem does these three things:
1) Provides a decentralized platform for the issuance and initial investment vehicle fundraising and corresponding secondary market functions for liquidity
2) Issues unique fungible tokens that represent ownership to investment vehicles that users can trade for the provision of liquidity.
3) Issues consistent stablecoin based earnings in the form of the SHIP token.
Conclusion – Comdex opens access to commodities futures for retail investors
Comdex has shifted its focus towards enabling ordinary investors to access commodities. A lot of feature-specific developments are on course on its enterprise. It might be what the global economy needs as the commodity trade sector’s economic outlook recovers from global devastation.