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Singapore’s Cake DeFi announced the launch of its B2B vertical, Cake DeFi Enterprise, at the Singapore FinTech Festival last week. The new vertical will enable institutions to access DeFi products and services in a simple, fully-transparent and self-custodial manner.
Blockhead spoke to Cake DeFi’s CTO and co-founder, U-Zyn Chua, on the sidelines of the conference where he shared more about the new offering and what he’s seeing in terms of participation from institutional investors, and how they can safeguard their operations.
- Tradfi money is moving into DeFi, but clients remain hesitant because of concerns over safety, security and transparency.
- The company sees an opportunity to service clients by providing direct integration with DeFi protocols.
- While traditionally retail focused, Cake DeFi is branching out by building enterprise solutions, providing venture capital and investing in R&D.