Vixichain (VIXC), novel regulated layer 1 for banking apps, shares details of recent funding announcement
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There is no way to achieve real mainstream Web3 adoption without involving financial institutions. Despite being centralized, banks bring a lot to the table such as risk management strategies, liquidity, and credibility which can’t be underestimated. Since most financial institutions are hesitant to interact with public blockchains due to legal and privacy concerns, Vixichain offers a secure environment that balances privacy and transparency while enabling them to engage with public blockchains.
By creating an NFT-based stablecoin, this mechanism ensures institutional-level privacy and compliance without compromising access to DeFi and other cryptocurrency services, applications and protocols.
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