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- SingularityDAO, Cogito Finance, and SelfKey have merged to found Singularity Finance
- The merger aims to combine decentralized finance (DeFi), artificial intelligence, and tokenized identity management into a cohesive framework
- The collaboration focuses on expanding blockchain’s role in real-world asset tokenization and secure identity solutions, while utilizing AI to manage digital assets
SingularityDAO, Cogito Finance, and SelfKey have formed a strategic merger called Singularity Finance aimed at shaping the future of the tokenized AI-driven economy. The partnership will leverage each entity’s expertise in decentralized finance (DeFi), tokenization, and AI technology to create a robust infrastructure for managing digital assets and identities on the blockchain. By integrating these technologies, they hope to offer investors safer, more efficient access to financial products, as well as enhanced identity management solutions.
Partnership Could Revolutionize On-chain Asset Management
The merger combines SingularityDAO’s advanced AI-driven portfolio management, Cogito Finance’s tokenized real-world assets (RWA), and SelfKey’s identity verification solutions. SingularityDAO, known for its dynamic asset management systems called DynaSets, will use AI to optimize portfolios, making investments in tokenized assets more accessible and transparent.
Cogito Finance’s focus on RWAs, such as U.S. Treasury Bills, green bonds, and tech equities, aims to enhance security and liquidity in decentralized finance markets. This partnership could revolutionize how traditional assets are managed on-chain.
Eye on AI
SelfKey, a leading self-sovereign identity provider, brings a critical component to this merger by offering identity management through blockchain technology. The integration of its services into the ecosystem promises to enhance security for transactions while enabling streamlined Know Your Customer (KYC) processes.
Together, these companies hope to create a foundation that not only enhances the blockchain economy but also facilitates the broader adoption of AI-powered decentralized finance systems.
By combining AI, decentralized asset management, and tokenized real-world financial instruments, the collaboration sets the stage for a more efficient and secure financial ecosystem. This merger comes after SingularityNET, Fetch.ai, and Ocean Protocol merged to form Artificial Superintelligence Alliance.
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