{"id":13490,"date":"2025-02-17T14:00:19","date_gmt":"2025-02-17T14:00:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13490"},"modified":"2025-02-17T14:00:19","modified_gmt":"2025-02-17T14:00:19","slug":"brevan-howard-digital-deploys-20m-on-ethereum-based-kinto-in-institutional-defi-push","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13490","title":{"rendered":"Brevan Howard Digital Deploys $20M on Ethereum-Based Kinto in Institutional DeFi Push"},"content":{"rendered":"<div>\n<p>The Abu Dhabi-based branch of Brevan Howard Digital, the crypto arm of the global investment management firm, has deployed $20 million on Kinto, a blockchain platform designed for institutional participation in decentralized finance (DeFi).<\/p>\n<\/p>\n<p>The deposit makes Brevan Howard Digital one of the first traditional financial firms to tap into Kinto\u2019s on-chain mining program, the protocol said.<\/p>\n<\/p>\n<p>Kinto operates as an Ethereum layer-2 network with built-in compliance mechanisms, including Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols, facilitating financial institutions that face strict regulatory requirements to participate in decentralized finance. It also offers a smart contract wallet with default insurance and security enhancements.<\/p>\n<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2023\/11\/15\/blockchain-startup-kinto-plans-first-kycd-ethereum-layer-2-blockchain-after-raising-5m\" target=\"_blank\">Blockchain Startup Kinto Plans &#8216;First KYC&#8217;d&#8217; Ethereum Layer-2 Network After Raising $5M<\/a><\/p>\n<\/p>\n<p>The platform\u2019s mining program, set to run for a decade, incentivizes participants by distributing token rewards for depositing assets on-chain on Kinto. Mining programs have been a staple in the DeFi sector but have largely been out of reach for traditional financial institutions due to compliance hurdles.<\/p>\n<\/p>\n<p>Brevan Howard Digital\u2019s participation signals growing interest from legacy financial firms in blockchain-based finance, particularly as platforms like Kinto adapt to meet institutional needs, Ramon Recuero, according to Kinto\u2019s co-founder and CEO. \u201cInstitutions have been waiting for two things: regulatory clarity and compliance features. Now, through Kinto, financial institutions don\u2019t need to wait any longer,\u201d he said in a statement.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Abu Dhabi-based branch of Brevan Howard Digital, the crypto arm of the global investment management firm, has deployed $20 million on Kinto, a blockchain platform designed for institutional participation in decentralized finance (DeFi). The deposit makes Brevan Howard Digital one of the first traditional financial firms to tap into Kinto\u2019s on-chain mining program, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13490","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13490"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13490\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}