Press Release

Leading Digital Bank Chooses Tezos to Expand DeFi Offerings

By September 2, 2021 No Comments
  • EQIFI is a leading DeFi platform powered by the global digital bank, EQIBank
  • EQIFI has chosen Tezos to launch new yield and lending products

British Virgin Islands, September 2, 2021 — EQIFI, a regulated and licensed decentralized finance platform, has announced new products supporting the Tezos blockchain ecosystem. EQIFI has chosen Tezos because it is a leading Proof of Stake network with time-tested on-chain governance, an active DeFi (decentralized finance) ecosystem, and a global community of builders and creators. This new product launch cements EQIFI as a leader in the DeFi space and as the world’s first seamless bridge to decentralized finance.

EQIFI will offer Tezos staking and borrowing services to its global customer base. EQIFI is powered by EQIBank, one of the world’s leading licensed and regulated digital banks. EQIFI operates under a community-focused, decentralized standard through its native EQX token. This allows community members to provide input on decisions such as listing and delisting assets and tokens, adjusting interest rates according to the market, and modifying collateral limits.

“A product offering with an industry leader such as Tezos signifies the bar EQIFI is setting in the DeFi space. Providing exposure to Tezos holders for staking and borrowing is just the next step in positioning EQIFI to become an industry leader.” – Jason Blick, Chairman of EQIFI

Tezos is one of the original Proof of Stake smart contract layer one blockchains. Since launching in 2017, it has successfully upgraded itself seven times, logged millions of transactions, and attracted a vibrant, global community. Developers are able to easily build powerful tools and products, while new users can explore NFTs, DeFi, DAOs, and more across hundreds of decentralized applications running on Tezos.

Tezos’ Proof of Stake design means it can operate in an energy-efficient manner, consuming over two-million times less energy than popular Proof of Work networks – this makes it an ideal platform for building blockchain applications that are energy-efficient and sustainable.

EQIBank offers competitive rates, 24/7 service, trusted security and an innovative, simple online global banking experience. EQIBank provides bank accounts, loans, custody, debit and credit cards, over the counter, and wealth management to EQIFI and all its qualified clients.

For more information, visit EQIFI’s website.

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About EQIFI

EQIFI, the first DeFi project powered by a licensed and regulated digital bank, is setting new standards, establishing trustless transactions, and driving real-world adoption. EQIFI’s infrastructure is optimized for real-time digital interactions. We are at the forefront of embracing today’s ever-demanding culture that wishes to embrace the evolution of digital technologies. For more information, visit EQIFI’s website.

About Tezos:

Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com.

For media inquiries

David Cullinan, EQIFI

Chief Marketing Officer david@eqifi.com