The Cardano Foundation, an independent entity that advances and enables the Cardano blockchain, will be partnering on several initiatives with Lykke Corp, a Switzerland-based fintech firm, blockchain exchange and financial services provider, according to the announcement on July 22.
The collaboration—aimed at combining the Cardano Foundation’s deep blockchain technology experience with Lykke Corp’s financial expertise—will enhance Lykke’s financial services offerings and strengthen its position in the market.
Lykke Corp is in the process of applying for the Swiss Financial Market Supervisory Authority (FINMA) authorization, which if granted shall vastly increase its operational scope and range of financial products. The Cardano Foundation’s partnership with Lykke Corp will seek to accelerate the deployment of these products by offering unique access to the industry-leading Cardano blockchain.
Richard Olsen, Founder and CEO of Lykke Corp, says:
“Cardano has all of the critical attributes to become the blockchain of choice for banks— scalability, formal methods, and a peer-reviewed code base. Our collaboration with the Cardano Foundation enhances the organized trading facility (OTF) offerings of Lykke, and paves the way for new Lykke products and services built and deployed on Cardano.”
Nathan Kaiser, Chairperson of the Cardano Foundation, says:
“Lykke Corp is one of Switzerland’s most innovative blockchain financial companies and we are pleased to be partnering with its expert team. Through this collaboration, both the Cardano Foundation and Lykke Corp will seek to build out financial infrastructure and offer services that will both empower the Cardano ecosystem and enrich the wider blockchain space.”
This partnership will enrich both organizations’ offerings by combining technology and expertise to deliver a new framework of products and financial services. Both the Cardano Foundation and Lykke Corp are keen about what lies ahead and the opportunities this partnership will bring in the future.
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