OrangeDX And Kima Network Partner To Enable Seamless Crypto–TradFi Settlements

OrangeDX, the leading Bitcoin DeFi hub, has recently announced a strategic partnership with Kima Network, a decentralized settlement protocol supported by Mastercard’s Finsec Innovation Lab and ChainGPT. 

The two of them look to connect Web3 and Web2 finance together and provide developers and communities with asset-agnostic, powerful tools to manage interchain, cross-DEX, and hybrid settlement workflows.  

Unlocking Interchain and Cross‑DEX Capabilities

The main technology of Kima Network allows for secure transfers of any token or asset between blockchains and traditional finance systems, without being tied to a specific type of asset.

With the incorporation of Kima, OrangeDX will allow users to perform cross-DEX trades and transfers without having to fear fragmented liquidity and manually bridging across chains.  

With Kima, developers who develop on top of the BRC-20 and OrangeDX ecosystem will have the opportunity to incorporate settlement directly into their applications through their SDKs.

Settlements Across Web3 and Web2

OrangeDX and Kima Network have partnered to develop hybrid workflows that combine on-chain and off-chain components.

Under this system, a merchant, payment processor, and financial institution can complete an order on the OrangeDX platform and then settle the payment using one of the traditional rails by the Kima system. 

The combination creates many applications in the real world, such as programmable payroll, tokenized asset exchanges, and international remittance with the power of smart contracts and automated settlement machines.

The community approach that OrangeDX has adopted aligns with the mission of the Kima Network of democratizing financial interoperability. The platform will consist of open-source products, including modular settlement pools, whitelabel bridges, and on-chain audit dashboards, which can be customized by community members and protocol teams. 

The tools reduce the technical entry barrier so that new DeFi initiatives can launch, borrow, lend, and earn without establishing custom infrastructure.

Looking Ahead

With the launch of combined solutions by OrangeDX and Kima Network, they want to redefine the industry of cross-chain movements and vice versa. 

Through the union of Bitcoin-oriented DeFi with the next generation of settlement technology, the two systems are making it more connected, accessible, and powerful for developers, end-users, and institutional markets.

Source: https://blockchainreporter.net/orangedx-and-kima-network-partner-to-enable-seamless-crypto-tradfi-settlements/