CurioInvest.com, the renowned blockchain platform for tokenized investments in valued assets, has entered into a strategic partnership with best-in-the-market and most trusted oracle networks, Chainlink. The collaboration is an attempt to enhance the transparency and reliability in the valuation system of the suite of tokenized vehicles on CurioInvest.
Tokenization platform @curio_invest will use Chainlink oracles to bring real-time pricing to the collectible car market. This gives users a reliable benchmark for trading tokenized non-bankable assets such as ownership stakes in ultra-rare cars. https://t.co/KPWWn8dySY
— Chainlink – Official Channel (@chainlink) June 24, 2020
With regard to the collaboration, CurioInvest will team up with Chainlink to change the existing system by creating a reliable and neutral price feed for assessing the value of ultra-rare, collectible cars. The firm will employ the Chainlink ecosystem to connect multiple data feeds into a single trusted valuation system, encouraging price transparency for all its collectible assets. The first CurioInvest product to take advantage of the integration will be the ‘Founders Series’ collectible, a 2015 Ferrari F12tdf CT1, which is currently in its fundraising phase.
The two firms will work together to replace the opaque pricing mechanism, which has been prevalent in the collectibles’ domain up until now. CurioInvest will now be a shining name in the field of DeFi projects and will bring transparency and liquidity in the sector. It will use Chainlink’s oracle systems, including Synthetix, Loopring, Aave, and DMM.
The traders can invest in any of the CurioInvest’s car tokens and indulge in their trading against a trusted benchmark source. A reliable benchmark will give a boost to market liquidity and bring down the issue of slippage. The users will be assured about the genuineness and accuracy of the prices for the rare cars knowing that they are acquired from a pool of trustable independent authorities.
stated Daniel Kochis, Head of Chainlink Business Development.
The partnership will lay the foundation for the world’s first initiative of pooling liquidity to non-bankable assets, which happens to be CurioInvest’s primary goal as well. The integration of CurioInvest with Chainlink’s benchmark source will provide real-time access to the valuations of collectible cars.
quoted Fernando Verboonen, Co-founder of CurioInvest.
CurioInvest serves as a technology platform designed for investments in ultra-rare cars, and the creation and operation of institutional-level digital assets. It found its place among the top 10 Swiss FinTech firms in UBS Future of Finance and McKinsey’s venture initiative. On the other hand, Chainlink is a decentralized oracle ecosystem that helps blockchain networks to connect external data feeds in a secure and transparent way.