Haven1 Collaborates with Sygnum Bank as Network Validator

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As a seasoned researcher with over two decades of experience in the rapidly evolving world of finance and technology, I have witnessed firsthand the transformative potential that innovative solutions can bring to traditional industries. The collaboration between Haven1 and Sygnum Bank is a testament to this potential, bridging the gap between traditional finance and decentralized finance in a secure and sustainable manner.

Zug, Switzerland, November 7th, 2024, Chainwire

In a strategic move, Haven1 – the chain connecting conventional finance with decentralized finance – has teamed up with Sygnum Bank, a global leader in digital asset banking. As part of this partnership, Sygnum Bank will function as a network validator for Haven1. This collaboration reinforces Haven1’s dedication to establishing top-notch security measures, providing a secure environment for users amidst the decentralized finance sector, which faces issues like fragmented liquidity and security concerns.

Sygnum Bank contributes specialized knowledge in regulated functions to the Haven1 system. With their combined offerings in digital asset safekeeping, trading, and tokenization, plus a strong regulatory compliance infrastructure, they establish themselves as pioneers in shaping tomorrow’s finance and fostering institutional acceptance of blockchain technology.

In their role as a validator, Sygnum ensures the stability, safety, and reliability of the Haven1 system. By participating, they offer essential operational assistance that fosters confidence in both corporate and individual users. This increased trust contributes significantly to the expansion and widespread acceptance of the Haven1 community.

At a pivotal moment for Decentralized Finance (DeFi), this partnership becomes particularly significant. Although DeFi has experienced remarkable expansion, it’s been hit by a string of high-profile cyberattacks, frauds, and exit scams, leading to massive financial losses totaling billions. In 2023, more than $3 billion was drained from DeFi platforms, highlighting the pressing demand for improved security and trust within this sector.

Haven1’s Proof-of-Authority (PoA) consensus mechanism, featuring its advanced hPassport (Proof-of-Identity), emphasizes validator reputation and KYC/KYB procedures, aligning seamlessly with Sygnum’s stringent institutional requirements, thereby creating a secure and reliable atmosphere for all participants. By mandating ecosystem collaborators, developers, validators, and users to undergo thorough KYC/KYB verification processes, Haven1 constructs a permissioned, yet decentralized blockchain network that minimizes the likelihood of malicious actions. This strategy aligns powerfully with institutional investors who prioritize safety and security.

Jeff Owens, co-founder of Haven1, expressed great joy in announcing the addition of Sygnum Bank as a validator for the Haven1 network. He noted that Sygnum’s extensive knowledge of the industry and their dedication to maintaining high institutional standards make them an ideal partner. This partnership underscores our commitment to ensuring user safety by creating an ecosystem that encourages trust, innovation, and widespread adoption, while seamlessly connecting traditional finance with DeFi.

Rico Müller, Ventures Lead: “We’re thrilled to validate on the Haven1 network alongside Sygnum. We firmly believe that Haven1’s innovative security strategy signifies progress within the crypto sector, and we are honored to contribute to this adventure.

In the past few months, Haven1 has experienced notable expansion, marked by an increase in developer work, collaborations, and user interaction. The incorporation of Sygnum as a verifier adds robustness to Haven1’s status as a key figure in the rapidly changing Web3 environment, ready to tackle industry hurdles and maximize its potential.

About Haven1

Haven1 represents a secure and liquid EVM Layer 1 blockchain designed to tackle the essential issues of security and liquidity within the Web3 environment. By implementing cutting-edge features such as the Haven1 Passport (POI), network-level 2FA Wallet-Shield, intelligent network surveillance using AI, and a strong liquidity accumulation system, Haven1 is creating a secure ecosystem, dubbed ‘SafeHaven,’ for all onchain activities in Web3.

Connect, follow and engage with Haven1 on:

X (formerly Twitter) | Telegram | Discord | LinkedIn

For more information, users can visit www.haven1.org   

About Sygnum

Sygnum is a bank specializing in digital assets, founded on Swiss and Singaporean foundations. They help professional investors feel secure when investing in digital assets through their advanced security measures, personalized service, and range of regulated banking solutions.

In Switzerland, Sygnum possesses a banking license. Additionally, it holds licenses for Capital Market Services (CMS) and Major Payment Institutions in Singapore. The organization is also subject to regulation in the globally recognized financial centers of Abu Dhabi and Luxembourg.

Sygnum is convinced that the future carries the legacy of our past. Their team of banking, investment, and digital asset technology experts are constructing a reliable bridge between the conventional and digital asset markets, which they refer to as Future Finance. To discover more about how Sygnum’s mission and values are molding the digital asset world, users can explore their website at sygnum.com and connect with them on LinkedIn and X.

Contact

Haven1
marketing@haven1.org

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2024-11-07 19:50