Cogito Finance ➡️ Singularity Finance

We are thrilled to announce a proposed merger with SingularityDAO Labs and SelfKey Foundation to create Singularity Finance, an EVM Layer-2 for tokenising the #AI economy’s Real World Assets (#RWA) 🙌 🦾 Combining the trio’s complementary technologies would power a platform optimised for Artificial Intelligence tokenisation that would accelerate Web3. Tokenising AI assets such as GPUs and integrating them into existing DeFi applications would create new onchain primitives, enabling more efficient funding sources for AI-driven innovations. 🎯 The merger would address the significant challenges currently faced in the ownership and accessibility of AI-related assets and yield. By leveraging Singularity Finance compliant tokenisation infrastructure, users would be able to access yield opportunities from compute and AI agents; in addition, AI market participants would be able to foster extra liquidity for their assets thereby making AI and hardware-backed high-quality yield more accessible. ✅ Singularity Finance would solve these challenges through its Layer2 including built-in legal frameworks, distribution channels, marketplace, and AI-driven asset management tools. Read the litepaper here: https://lnkd.in/dVAPfcJq #artificialintelligence #tech #technology #tokenization #DeFi #AiFi

What happens when you leverage tokenization and DeFi for the AI economy? ✨ You tap into #AiFi - a powerful framework that Singularity Finance pioneers. Read our CEO's article on Forbes: https://lnkd.in/g2eddi7v

We are excited to continue working closely with Particula as we expand our horizons into the tokenization of the AI value chain through Singularity Finance. Join us as we endeavour to: 1️⃣ Develop a fast, secure, and sustainable #blockchain network to drive ecosystem growth. 2️⃣ Tokenise #AI assets to expand participation in the global AI #economy. 3️⃣ Bring #RWAs onchain to create decentralised, high-yield, compliant markets. 4️⃣ Provide self-sovereign digital identity solutions for privacy, security, and compliance.

Our CEO, Cloris Chen, CFA, shared her view on this key collaboration: "Our partnership with Outlier Ventures is an important step for us to grow the Singularity Finance ecosystem".

Our CEO, Cloris Chen, CFA, delivered a fantastic presentation on Singularity Finance at the SingularityNET Ecosystem Festival in Bangkok. Here are some stills from her explaining how we are evolving into tokenising the AI value chain 👇

Check out the latest Forbes article by Cogito Finance CEO Cloris Chen where she dives in the surge of #blockchain Layer 2, and examines why #CEXs like Kraken Digital Asset Exchange Uniswap Labs Coinbase are launching their very own. https://lnkd.in/dYucexdY

Our proposed merger to become Singularity Finance and #tokenise the #AI Economy has been covered by many media outlets. "Latest M&As indicate that integrating #RWAs into #DeFi applications will accelerate #Web3 and create new on-chain opportunities for investment, helping smaller AI innovators to compete for attention and funding in this competitive and emerging space". Check out what TheStreet had to say about it here: https://lnkd.in/dCf3BhKr

Ready-To-Take-Off ? 🛫 👩✈️ I am bringing you your weekly dose of news from the digital asset space. » Securitize enables USDC-to-USD conversion for the BUIDL fund, surpassing $550M AUM, giving token holders seamless on-chain subscriptions via Zero Hash. » MiCA-compliant stablecoins dominate euro-stablecoin market, with Circle’s EURC and Societe Generale’s EURCV holding 67% market share since MiCA’s June implementation. » Cow Group partners with DigiShares to launch gold-backed stablecoin "MyGold™. » The Depository Trust & Clearing Corporation (DTCC) unveils digital asset sandbox to explore mainstream tok. applications, aiming to streamline digital market infrastructure with its Digital Launchpad initiative. » Hashnote launches USYC on Canton Network, a tokenized money market fund offering privacy-enhanced collateral management and holding $300M AUM. » SingularityDAO Labs merges with Cogito Finance & Selfkey Service (Pvt) Ltd for AI Tokenization, forming Singularity Finance & focusing on tok. assets like GPUs with the new SFI token. » Finance Club l Part of Projective Group partners with Plume Network to tokenize over $100M in solar assets. » Swarm Markets & OrdinalsBot enable physical gold trading on Bitcoin Blockchain, allowing investors to trade gold kilobars through Bitcoin’s network using Ordinals protocol. » Hedera launches regulatory-compliant asset tokenization studio, supporting U.S. SEC regulations & offering tools for tokenizing bonds & equities with full compliance. » Singapore’s DBS Bank introduces 'Token Services', integrating tokenization & smart contracts for institutional liquidity mgmt, multi-currency transactions, etc. » Wirtschafts- und Infrastrukturbank Hessen (WIBank) issues blockchain-based €5M bond on Polygon, leveraging Germany’s central bank trigger solution to reduce counterparty & credit risks. » Euroclear invests in singapore DLT fund platform Marketnode, expanding Marketnode’s Gateway & Fundnode tokenization solutions for institutional & fund administration. » SCB – Siam Commercial Bank launches stablecoin cross-border payments, partnering with Fireblocks & Lightnet to offer 24/7, low-cost cross-border transactions for consumers. » Stripe acquires stablecoin platform Bridge for $1.1B, expanding its digital payment capabilities with stablecoin tools aimed at businesses. » Almost half of swiss banks plan tokenization initiatives, with 48% exploring tok. use cases & 64% involved in cryptocurrencies, according to a new survey by Universität St.Gallen (HSG). » BlackRock works on BUIDL integration as derivatives collateral, aiming to list the $547.7M BUIDL token on exchanges like Binance and OKX for crypto derivatives trading. » U.K. pension giant Legal & General explores tokenizing $1.5T in fund assets, aiming to enhance liquidity & accessibility in its fund offerings. » ANZ leveraging Chainlink Labs CCIP to enhance cross-chain settlement of tokenized assets under Singapore's "Project Guardian".

❗ MASSIVE NEWS ❗ Our CEO Cloris Chen, CFA is officially a Forbes Crypto contributor!! 👏 She is truly a leader in the ever evolving #DeFi sector, and we are thrilled Forbes has recognised her unique insights. With her extensive expertise, her contributions will provide valuable perspectives on the intersection of #artificialintelligence and #crypto. Read here her first article which covers everything you need to know about #AI tools used in #crypto: https://lnkd.in/eNq95vDN

"The partnership [between SingularityDAO Labs and Cogito Finance is demonstrative of what is being done in the industry, with key players finding ways to play off their strengths in order to maximize their usage of RWAs and tokenized assets in general". 🔥 #tokenization #AI #artificialintelligence #RWA https://bit.ly/48f6naF