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Partnership will responsibly facilitate access to DeFi for global institutional investors and enterprises
TORONTO, Jan. 25, 2022 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. (the "Company" or "Liquid Meta") (NEO:LIQD) a leading decentralized finance (DeFi) infrastructure and technology company, today announced a partnership with Civic Technologies, Inc. ("Civic"), a leading innovator in blockchain-powered digital identity solutions. Together, the companies will bring trusted, secure permissioned identity services to DeFi and enable Liquid Meta to provide capital liquidity to permissioned dApps. This will promote the overall adoption of DeFi.
"Liquid Meta's mission is to build a bridge between Traditional Finance and Decentralized Finance," said Jonathan Wiesblatt, CEO. "Our partnership with Civic Technologies will provide us with the enhanced capabilities and tools needed to expand upon this mission and to create an environment for traditional institutional investors to access this nascent and emerging industry in a more secure and trusted capacity."
The partnership is timely, given interest in DeFi from institutional investors. At its core, DeFi relies on permissionless access, but this principle often runs counter to the obligations of large capital investors that must know the counter-parties they are participating with in order to reduce counter-party risk. Permissioned access through the partnership will provide a gateway into DeFi for these investors. Liquid Meta is already providing liquidity to some of the most exciting Decentralized Applications and Exchanges in DeFi.
As the first publicly traded, pure-play liquidity mining operation in the world, Liquid Meta is building proprietary software and tools to access, automate and unlock tremendous growth within DeFi. The Company is focused on generating cash flow in the fast-growing DeFi segment of the blockchain industry.
"The team at Liquid Meta has a long history in the financial services industry, public capital markets and the crypto and technology industries. The leadership team is attuned to the operational rigor that institutional investors require in order to explore investments in new categories like DeFi," said Chris Hart, CEO of Civic. "We can't think of a better partner that's more aligned with our mission to open the DeFi ecosystem to new investors through permissioned markets."
Civic provides a KYC and KYB solution, through Civic Pass, that a dApp provider can use as an input to their compliance program. Liquid Meta will use Civic Pass to determine which participants meet a dApp's rigorous standards for verification prior to allowing them the ability to trade. Civic Pass is seamlessly integrated into a dApp's onboarding flow. Once an institutional investor has completed the Civic Pass screening process, the dApp will use the results of the screening to allow trading.
For more information about Liquid Meta, visit https://liquidmeta.io/.
For more information about Civic or to become a Civic business partner, visit https://www.civic.com.
About Liquid Meta
Liquid Meta is a decentralized finance infrastructure and technology company that is powering the next generation of open-access protocols and applications. The Company is creating the bridge between traditional and decentralized finance while ushering in a new era of financial infrastructure that benefits anyone, anywhere.
Civic is a leader in the decentralized identity space, focused on real-world applications of blockchain-powered identity verification technology. Civic offers solutions for DeFi users to selectively share personal information, while also providing cryptocurrency projects a path to meeting global compliance standards. By delivering adaptable identity verification solutions for businesses and intuitive digital identity tools to end-users, Civic supports the long-term viability of the greater cryptocurrency economy. Civic uses identity.com's open-source, blockchain-based ecosystem to verify credentials. Civic aims to be the most trusted Metaverse, Web3, DeFi on-chain identity platform in the world, used by billions every day. Vinny Lingham and Jonathan Smith co-founded Civic in 2015.
Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.
Notice Regarding Forward-Looking Information:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Liquid Meta to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks and Uncertainties" in the Company's Filing Statement dated as of December 17, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Liquid Meta disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Liquid Meta's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.
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SOURCE Liquid Meta Capital Holdings Ltd