Umbrella to bring real-time data and private asset data to IX Swap’s tokenized stock platform

Forum 2 years ago

Umbrella to bring real-time data and private asset data to IX Swap’s tokenized stock platform

Umbrella Community, a layer-2 oracle resolution, introduced lately a partnership with IX Change, a platform that provides computerized market-making and liquidity swimming pools for safety tokens and tokenized shares.

Below the partnership, Umbrella Community’s decentralized oracles will supply real-world asset information to IX Change’s liquidity swimming pools and AMMs. This may occasionally come with inventory costs, S&P 500 indices, choices information, and extra.

Additional, Umbrella Community and IX Change will paintings against the improvement of a customized information feed for personal asset information. This knowledge feed is for use throughout each conventional and crypto monetary ecosystems.

“WE AT UMBRELLA COMMUNITY ARE IN ACTUALITY EAGER ABOUT THIS PARTNERSHIP WITH IXSWAP AS WE STAY UP FOR THE IMPROVEMENT OF THE SECTOR’S FIRST PERSONAL BELONGINGS PRICING FEED. IT IS GOING TO BE A SIGNIFICANT STEP IN BRINGING IN COMBINATION CEFI AND DEFI AS WE EMPOWER IX CHANGE WITH DYNAMIC AND REAL-TIME VALUE FEEDS TO BE AN INTERNATIONAL LIQUIDITY RESOLUTION FOR ALL STO EXCHANGES.”

– SAM KIM, THE FOUNDING PARTNER AT UMBRELLA NETWORK

Each and every information level at the Umbrella Community is tagged with evidence of consensus which guarantees the reliability of knowledge even after information retrieval through dApps and different such leading edge DeFi answers like IX Change.

Umbrella Community’s oracles simply upload new information issues (and on this case, distinctive information issues) by the use of its Merkle tree structure that batches huge units of knowledge earlier than dedication to the blockchain.

“WE’RE EXTREMELY JOYFUL TO COMBINE UMBRELLA’S SCALABLE ORACLES INTO IXSWAP’S REFINED SUITE OF LIQUIDITY POOL AND AUTOMATIC MARKETPLACE MAKERS FOR SAFETY TOKENS. I’VE BEEN OCCUPIED WITH STOS SINCE 2017 AND CONSIDER THIS IS LIKELY ONE OF THE LARGEST ALTERNATIVES ON THIS PLANET LATELY.  I’M HAPPY SO THAT YOU COULD PAINTINGS WITH UMBRELLA’S LEADING EDGE AND SCALABLE ORACLE ANSWERS SO THAT YOU COULD GIVE A BOOST TO A FEW OF OUR MORE MODEREN PROJECTS INSIDE THE BLOCKCHAIN AREA.”

– JULIAN KWAN, FOUNDING PARTNER OF IX SWAP

Non-public Asset Information

Each platforms may also co-develop a non-public asset information feed for belongings that don’t seem to be publicly traded, together with pricing information on shareholding patterns of unlisted corporations, paid-up capital, AGM notes, and so on.

This knowledge feed objectives to be helpful for issues comparable to cross-border mergers and acquisitions, amongst others, as lately, authoritative information on unlisted corporations is tricky to fetch and authenticate.

Safety tokens and tokenized shares of personal belongings are thought to be illiquid no longer as a result of the loss of call for however as a result of the absence of dependable information relating to capital, compliance, and different elements. Umbrella Community intends to resolve this through bringing real-time value personal information feeds to IX Change.