Taiyang Zhang: Republic Protocol Partners with Wyre

trading cryptocurrency blockchain

Providing liquidity and industry-leading KYC/AML services to Republic Protocol.

Republic Protocol and Wyre, the leading blockchain FX company operating a regulated global payment infrastructure, are pleased to announce our partnership to bring liquidity, and Wyre’s industry-leading KYC service to RenEx.

Wyre specializes in infrastructure to bridge the gap between traditional banking and digital assets. Pairing this expertise with RenEx will serve as an integral tool in Wyre’s OTC services, which to date have traded $3.5 billion in digital assets in-house and more than $750 million in bank-to-bank commercial FX payments. Working together, Republic Protocol and Wyre will help usher in a new era in dark pool trading, merging traditional financial infrastructure with the world of decentralized finance.

Our partnership will focus on the following areas:

  • Wyre will be providing liquidity to RenEx and serve as a Key Liquidity Partner with Wyre’s OTC trading desk. Having ample liquidity is a necessary component for any dark pool to thrive and we believe this arrangement will only complement our two projects. By virtue of providing liquidity to RenEx, Wyre will be participating in Republic Protocol’s Liquidity Incentive Program, which consists of a revenue sharing agreement emanating from RenEx dark pool fees.
  • Wyre will be providing KYC integration services to RenEx. Know Your Customer (KYC) is a compliance reality that the decentralized finance world must move towards and we are setting precedence by partnering with an industry leader. Check out Wyre’s recent blog covering the importance of proactivity here.
  • Wyre will assist in onboarding OTC traders to RenEx through Wyre’s broker services. Wyre will use its existing network to ensure a new cohort of OTC traders can gain exposure to and have easy access to RenEx. Check out Wyre’s OTC infrastructure here.

This partnership represents a maturation for digital asset markets and is a significant first step in developing quality decentralized solutions to address inefficiencies within the current OTC market. Ultimately, allowing easier and compliant onboarding of traditional fintech and banking interest to both platforms.

What’s To Come

Our development team has created a custom decentralized sMPC based on research we have pioneered in the space that is optimized explicitly for decentralized dark pools, and we are continuing to push the envelope for what’s possible with Republic Protocol; including an upcoming research piece on zkSNARKS uses and tools. These advancements when coupled with legacy financial institutions will open up new possibilities for both Wyre and Republic Protocol.

With the release of our Mainnet just weeks away, we are thrilled to have the Wyre team join us on this journey. Check out Republic Protocol’s latest Testnet updates here and follow both of our organizations to take part in this new era of decentralized finance.

Onwards and upwards

— Taiyang Zhang, CEO, Republic Protocol

About us: Republic Protocol is a dark pool protocol for trading large volumes of cryptocurrencies. Find out more here: https://republicprotocol.com

About Wyre: Wyre is the leading blockchain FX company operating a regulated global payment infrastructure. Find out more here: https://www.sendwyre.com/

Republic Protocol Partners with Wyre was originally published in Republic Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: Taiyang Zhang at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
October 26, 2018

Wrapped Bitcoin (WBTC) — A Bitcoin Token Community Project started by BitGo, Kyber and Republic…

Introducing Wrapped Bitcoin (WBTC) — a community focused initiative to launch a Bitcoin ERC20 token on Ethereum by January 2019. The project is the culmination of a long-standing joint effort between BitGo, Kyber and Republic Protocol and will serve as important piece of cross-chain...

From: REN
October 12, 2018

REN Ambassadors and First Community Competition

At Republic Protocol, our vision is to become a leading decentralized exchange network and ecosystem, and we will need your help! Our aim is to give the community tools and incentives that will help ensure the continued growth of our community and adoption of RenEx.Today we are launching the...

From: REN
September 28, 2018

Republic Protocol Partners with TrueUSD

RenEx is integrating the world’s first legally backed stablecoinRepublic Protocol and TrueUSD, the world’s first legally backed stablecoin, are excited to announce our partnership to bring TrueUSD (TUSD) to RenEx.TrueUSD is our stablecoin of choice and the first to be integrated with RenEx....

From: Taiyang Zhang
September 27, 2018

Republic Protocol Mainnet Beta Launch

Today we officially announce the release of our Mainnet Beta! It has been a very exciting road to this point, and a big thank you to the community, our profoundly talented dev team and for all those who participated in the testnet — your feedback and efforts have been exceptional.The...

From: Taiyang Zhang
September 19, 2018

Mainnet Rollout Plan

We are very excited to announce that our Mainnet Beta will be the first official release of Republic Protocol, launching in the last week of September 2018. It marks a significant step towards our long term goal to bring traditional financial tools to the decentralized ecosystem.On Mainnet,...

From: Loong

Darknode Rollout Plan

With the Republic Protocol Mainnet Beta launching in the last week of September there are many factors to consider in order to launch a new network securely. As outlined in the Mainnet Beta Rollout Plan, our utmost priorities are:Security of funds for both traders and Darknode operators (the...

From: Loong
Upcoming ICO's
This week overview
Token Name Starts
CDRX (CDRX) logo CDRX (CDRX) 3 days
SkyMap (SKYM) logo SkyMap (SKYM) 3 days
Aditus (ADI) logo Aditus (ADI) 4 days
PlayChip (PLA) logo PlayChip (PLA) 5 days
Stem Cell (SCIA) logo Stem Cell (SCIA) 5 days
Nodvix (NVDX) logo Nodvix (NVDX) 6 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $5510.88187999 -0.12%
Ripple logo XRP $0.4511968924 -0.47%
Ethereum logo ETH $175.761615023 0.15%
Bitcoin Cash logo BCH $434.907492617 -0.95%
Stellar logo XLM $0.2255528153 -0.57%
EOS logo EOS $4.4711017273 0.27%
Litecoin logo LTC $42.4582277886 0.13%
Tether logo USDT $0.9829188574 -0.02%
Cardano logo ADA $0.0606995027 0.17%
Monero logo XMR $85.0403081201 -1.92%
Tronix logo TRX $0.0183693517 -0.35%
DigitalCash logo DASH $134.947695903 -0.29%