SingularityDAO, a leading decentralized portfolio management protocol, announces a groundbreaking integration with Cogito to expand and boost the DeFi offerings. Through this strategic integration, SingularityDAO will add Tokenized Real-World Assets (RWAs) of Cogito Finance to its v2 DynaVaults. Because of that, SingularityDAO will combine Traditional Finance (TradFi) and Decentralized Finance (DeFi) by crafting innovative and compliant on-chain products.
SingularityDAO to Access Cogito’s Tokenized RWAs Through AI-Driven Portfolio
Cogito Finance mints the tokenized real-world assets (RWAs) as ERC-20 tokens over Ethereum (Polygon, Base, Arbitrum, Optimism) and backs them with 1:1 assets. Meanwhile, the transactions are being carried out, daily Net Asset Value calculations are done off-chain and are being recorded on the blockchain for transparency.
SingularityDAO is integrating with the products of Cogito Finance to expand and ease access to tokenized real-world assets (RWAs) through AI-driven protocol management. Although some experts do not see it clearly, tokenized RWAs are gaining attraction in the DeFi space.
SingularityDAO & Cogito Launching Dynamic Vaults to Blend DeFi with TradFi Assets
This integration is of great significance as both FinTech firms are blending their advanced features to serve the DeFi community in a better way. SingularityDAO is known for offering AI-enabled crypto assets management solutions in the DeFi space while Cogito Finance showcases its products like tokenized US Treasury Bills. By collectively using their strengths, both firms will launch dynamic vaults, providing new and advanced ways for the DeFi community to access yield sourced over Traditional Finance (TradFi) digital assets.
Mario Casiraghi, the Co-founder of SingularityDAO, highlighted the significance and core objectives of these exclusive integrations and shared his views in this regard. He said,
“The integration of Cogito Finance extends SingularityDAO’s goal of provisioning access to open finance. As TradFi and DeFi converge, the missions of SingularityDAO and Cogito align synergistically.”
Moreover, he also shared how SingularityDAO’s integration will offer advanced service to the commenting, commenting, “By integrating our products, we can deliver a more holistic proposition to end users, marking a significant leap forward in the financialization of Web 3.0 for the benefit of all, as well as the broader ASI ecosystem.”
This Integration Blends the Strengths of Both Fintech Firms
As per Cloris Chen, the Chief Executive Officer (CEO) of Cogito Finance, this integration is blending the strengths of the top FinTech Firms into a single on-chain solution. Additionally, he said, “By adding Cogito’s tokenized products to SingularityDAO’s AI-powered portfolio system, we offer safer, sustainable investment options to more people in the blockchain space.”
The main focus of SingularityDAO on DeFi access ensures a truly open approach aligning with the goal of Cogito Finance to make RWAs assets easier to access and secure for the whole crypto community.
Source: https://blockchainreporter.net/singularitydao-partners-with-cogito-finance-to-boost-defi-offerings/