Árni Guðjónsson / Feb 10, 2021

Partnership

2 min read

Money meets borrowing and lending on blockchains

Monerium is pleased to announce we have partnered with Alkemi Network. Alkemi enables CeFi institutions to use DeFi with KYC / AML verified access to deep liquidity and reporting via their borrowing and lending protocol, Earn.

Hodlers of Monerium euros will soon be able to earn interest on deposits of their digital euros into the Alkemi Earn protocol. They will also be able to use e-money as collateral when borrowing other digital assets on the platform, including DAI, USDC, ETH and WBTC.

With Monerium, you can move money seamlessly between blockchain wallets and bank accounts, keeping existing business relationships while building new ones in the on-chain world. Monerium customers can issue and redeem “smart” digital euro tokens on blockchains within seconds. The euro tokens allow holders to participate in decentralized financial services including liquidity pools such as Alkemi Earn settle transactions of digital assets automatically, without intermediaries, and at the fraction of the cost of traditional payments.

Alkemi Earn enables centralised, regulated institutions to access decentralized borrowing and lending services (DeFi) for their digital assets. With the provision of deep liquidity, enhanced security procedures for client transactions and detailed transaction reporting and risk monitoring, Alkemi is the institutional portal to DeFi.

“We were keen to partner with Monerium and list their Euro-backed e-money in the Earn protocol. We have seen a vast increase in the on-chain volumes of digital assets this year and we wanted to offer our customers exposure to European markets alongside our dollar-denominated stablecoin markets. Stablecoins are the gateway asset to DeFi and we are excited about the opportunity for our customers to tap into the Euro stablecoin ecosystem.”

Brian Mahoney, CSO, Alkemi Network

For more information on how your institution can access Alkemi Earn with Monerium e-money, please contact

Alkemi: hello@alkemi.ai
Monerium: monerium@monerium.com

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