Latest news with #MariusCiubotariu
Yahoo
21-05-2025
- Business
- Yahoo
Securitize's Tokenized Credit Fund Set for Solana DeFi Debut as RWA Trend Expands
A tokenized version of Apollo's private credit fund, issued by Securitize, will arrive on Solana's SOL decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network. The launch, orchestrated by lending platform Kamino Finance with support from tokenization specialist Securitize and DeFi risk advisor Steakhouse Financial, aims to make the Apollo Diversified Credit Securitize Fund (ACRED) token the first of its kind to be available for on-chain borrowing and leverage on Solana. The token's debut is pending on completing an audit, Kamino said. The ACRED token, launched in January, offers exposure to Apollo's private credit strategies and is issued under Securitize's regulated token framework. ACRED will also be the first token on Solana using Securitize's sToken standard, with more assets expected to follow later, Securitize said. The product underscores a growing appetite in crypto for real-world asset (RWA) tokenization. RWAs—traditional instruments such as funds, bonds or real estate—are being brought onto blockchain rails to reduce friction in investing, improve access and transparency, and allow for programmable use in DeFi protocols. In practice, this means investors can use RWAs as collateral to borrow against, yield farming, or plug into automated investment strategies. "The value of tokenization really comes into play when these assets are integrated into DeFi, and new products and strategies are developed around them," says Reid Simon, head of DeFi and credit solutions at Securitize. Despite Solana's fast-growing DeFi market, RWAs are yet to take off on the chain. According to Solana hosts $330 million worth of RWAs, small compared to the network's nearly $9 billion DeFi market size. It's also trailing rival layer-1 network Ethereum's $7 billion real-world asset market. But with large players in tokenization stepping in, backers of the launch see this as a tipping point. "Solana has experienced explosive consumer growth in recent years, but below the surface we are seeing enormous interest from institutions and asset issuers," said Marius Ciubotariu, co-founder at Kamino, "Finally, the industry is in a position to not only bring these assets on-chain, but to provide genuine use-cases." Through Kamino's Multiply product, users will be able to leverage ACRED for yield strategies—automatically looping the asset to increase exposure while managing collateral and borrow levels through Solana-native smart contracts. That's a similar offering to what Gauntlet introduced on Polygon in late April. "Building on off-chain credit assets in a composable way is the sort of long-term investment we believe can help catalyze further growth of DeFi in Solana," said adcv, co-founder of Steakhouse Financial. CORRECTION (May 20, 20:15 UTC): Clarifies that ACRED is a tokenized feeder fund investing in a diversified credit fund managed by Apollo. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
02-04-2025
- Business
- Associated Press
Kamino Finance and Pyth Network Partner to Bridge DeFi Performance Gap
Kamino's Meta-Swap leverages Pyth Network's Express Relay to deliver a CEX-quality trading experience with transparency, self-custody, and composability LONDON, April 2, 2025 (Bitwire) -- Pyth Network ('Pyth'), the universal price layer powering the next generation of finance, and DeFi protocol Kamino Finance today announced the launch of Meta-Swap, a next-generation swap router built to redefine what on-chain finance can do. Kamino Swap's Meta-Swap is powered by Pyth Network's Express Relay and offers highly competitive price execution found only in CeFi. Competitive price execution means tight spreads and fast, reliable trades for DeFi users; this is what Kamino Finance calls 'CEX-like performance.' Instead of plugging into a single DEX or DEX aggregator—and being subject to liquidity fragmentation, protocol fees, or MEV—Meta-Swap broadcasts every swap to a network of searchers via Express Relay. Meta-Swap runs active simulations to ensure swaps execute successfully and at accurate prices, removing failed transactions and inflated quote estimates from the user experience entirely. This results in no more inaccurate quotes, no more failed swaps, and no more mid-quote checks or on-swap validation. 'Meta Swap, powered by Pyth's Express Relay, is bringing CEX-level execution to DeFi, without the MEV tax,'said Mike Cahill, CEO of Dourouoro Labs, a leading contributor to Pyth Network. 'For the first time, traders are going to get the best possible price without any interference. This will make decentralized trading as fair, fast, and efficient as it is on centralized exchanges, thereby leveling the playing field between DeFi and CeFi to give all participants access to a borderless global financial market.' Express Relay makes 'tipping' users, MEV elimination, and best price execution uniquely possible. It offers a secure auction environment for protocols to submit transaction opportunities to a network of top searchers. Searchers include Flow Traders, Wintermute, Auros, Caladan, Flowdesk, Tokka Labs, Selini, Swaap Finance, Amber Group. 'Meta Swap is finally bringing the decentralized Nasdaq promise to Solana users—making high-performance trading a reality on Solana,' said Marius Ciubotariu, cofounder of Kamino Finance. 'Kamino's active simulation algorithm, together with the Pyth's Express Relay auction network, constantly scans a wide pool of routes and searchers to deliver best execution on every trade.' Kamino Meta-Swap joins Kamino's Limit Orders—launched in December 2024 with Express Relay —which have already surpassed $200M in volume and distributed nearly $100,000 in user tips. Together, Limit Orders, Meta-Swap, and an upcoming DCA product (to be powered by Express Relay) form a comprehensive trading suite designed for all types of users: from degens and casual traders to whales and institutions. To learn more about Pyth Network, visit and follow on X and LinkedIn. About Pyth Network Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities. Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency. About Kamino Finance Kamino Finance was originally created to offer users the easiest possible way of providing liquidity and earning yield on-chain. The protocol's one-click, auto-compounding concentrated liquidity strategies quickly became the most popular LP products on Solana and laid the foundation for what Kamino is now. Today, Kamino is a first-of-its-kind DeFi protocol that unifies lending, liquidity, and leverage into a single, secure DeFi product suite. Media Contact: Melrose PR
