news and opinion|22 July 2020|share

Cardano Foundation partners with Lykke Corp to explore fintech development

Bakyt AzimkanovGlobal PR and Communications Director

ZÜRICH, 22 JULY 2020. The Cardano Foundation, an independent entity that advances and enables the Cardano blockchain, will be partnering on several initiatives with Lykke Corp, a Switzerland-based fintech firm, blockchain exchange and financial services provider.

The collaboration—aimed at combining the Cardano Foundation’s deep blockchain technology experience with Lykke Corp’s financial expertise—will enhance Lykke’s financial services offerings and strengthen its position in the market.

Lykke Corp is in the process of applying for the Swiss Financial Market Supervisory Authority (FINMA) authorization, which if granted shall vastly increase its operational scope and range of financial products. The Cardano Foundation’s partnership with Lykke Corp will seek to accelerate the deployment of these products by offering unique access to the industry-leading Cardano blockchain.

Nathan Kaiser, Chairperson of the Cardano Foundation, says:

“Lykke Corp is one of Switzerland’s most innovative blockchain financial companies and we are pleased to be partnering with its expert team. Through this collaboration, both the Cardano Foundation and Lykke Corp will seek to build out financial infrastructure and offer services that will both empower the Cardano ecosystem and enrich the wider blockchain space.”

Lykke Corp is involved in several far-reaching initiatives within the blockchain industry, including Lykke blockchain business services, the LyCI digital asset index, and the Open Initiative—a thinktank and fundraiser for blockchain-based solutions.

Richard Olsen, Founder and CEO of Lykke Corp, says:

“Cardano has all of the critical attributes to become the blockchain of choice for banks— scalability, formal methods, and a peer-reviewed code base. Our collaboration with the Cardano Foundation enhances the organized trading facility (OTF) offerings of Lykke, and paves the way for new Lykke products and services built and deployed on Cardano.”

This partnership will enrich both organizations’ offerings by combining technology and expertise to deliver a new framework of products and financial services. Both the Cardano Foundation and Lykke Corp are keen about what lies ahead and the opportunities this partnership will bring in the future.

The collaboration also aligns closely with the Cardano Foundation’s core mission of facilitating industry partnerships to drive collective success, accelerate interoperability, and unlock value for all Cardano stakeholders.

About the Cardano Foundation: The Cardano Foundation is an independent Swiss standards body that oversees and supervises the advancement of Cardano and its ecosystem. The Foundation’s core focus is in developing a Cardano adoption strategy through to integration and execution, to enable fast-track value creation for inclusive and equitable growth. As the legal custodian of the protocol and the owner of the Cardano brand, the Foundation works to drive adoption and partnerships, grow the wider blockchain community, shape legislation, and commercial standards, and ensure stakeholder accountability. Find out more: www.CardanoFoundation.org

About Lykke: Lykke is a Switzerland-based global fintech firm that utilizes blockchain and emerging technologies to provide solutions for consumers, investors and corporations. By leveraging the power of a broader ecosystem, Lykke’s platforms eliminate barriers to market entry, solve inefficiencies within current economic systems and democratize access to digital asset marketplaces. Learn more about Lykke and its Open Initiative to find and incubate solutions for the global supply chain: www.Lykke.com