As a seasoned analyst with years of experience in the crypto space, I find the partnership between Hex Trust and Clearpool to launch Ozean particularly intriguing. With my background in understanding both traditional finance and decentralized finance (DeFi), I can see the potential for Ozean to make significant strides in the Real-World Asset (RWA) space.
Hex Trust, a company handling digital assets (crypto custodian), has joined forces with the decentralized finance project Clearpool to debut Ozean, a blockchain-based system primarily centered around generating returns from real-world assets.
In partnership with each other, Hex Trust (based in Hong Kong) and Clearpool (a decentralized finance credit protocol) have revealed their collaboration through X. This announcement was further made official in a blog post that was published on October 8th.
As per both sources, the Ocean Decentralized Finance (DeFi) platform called Ozean operates on the Optimism network and relies on the CPOOL token for its functionality.
Ozean set for traction in RWA space
Ocean intends to utilize Hex Trust’s regulated framework and institutional clientele, combined with Clearpool’s proficiency in lending, to promote acceptance within the RWA sector. Notably, Clearpool has facilitated over $620 million in loans, serving prominent clients such as Jane Street, Flow Traders, and Wintermute.
Hex Trust, boasting over 270 institutional clients and managing approximately $5 billion in assets, is poised to significantly contribute to Ozean’s growth. Potential clients of Hex Trust, such as banks, exchanges, investment funds, and decentralized applications, could potentially leverage the RWA ecosystem.
According to Alessio Quaglini, the CEO and co-founder of Hex Trust, by joining forces, we will bring our expanding clientele and advanced technology platform to elevate Ozean to new heights. This collaboration aims to seize the potential of the trillion-dollar market opportunity that lies ahead.
As an analyst, I find it intriguing to note that the expanding utilization of Hex Trust’s U.S. dollar-backed stablecoin, USDX, could bring about significant advantages for the oceanic sector. The USDX, launched in May, has recently established a strategic partnership with Velodrome, making it their primary decentralized exchange. Moreover, USDX has integrated with LayerZero to facilitate cross-chain liquidity, enhancing its reach and adaptability across various blockchains.
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2024-10-08 20:30