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Cere x Convergence Partnership

Partnerships
October 22, 2021

Today, we are happy to announce our partnership with Convergence to further bridge cryptocurrency with real-world asset investments.

Convergence Finance uses fractionalization to make real-world assets interchangeable within the DeFi space. Simply put, the company enables the owners of unconventional private assets to connect with DeFi liquidity using an easy-to-use interface (that can integrate with other DeFi protocols).

The Partnership

Blockchain technology’s attempt to become fully decentralized often hinders greater enterprise adoption. The technology’s inability to scale impedes greater enterprise adoption as well. When both features are robust, blockchain security is compromised as a result (thus creating a blockchain trilemma).

Cere provides a comprehensive solution to this problem by seamlessly integrating global apps into a fully decentralized blockchain that is both scalable and secure.

Cere Network is highly interoperable as well, allowing it to seamlessly connect the enterprise world’s real-world user base, revenue streams, and capital to the DeFi landscape. Indeed, its dedication to interoperability makes it uniquely qualified to offer this benefit.

By using Convergence’s fractionalization capabilities, Cere improves the ability of its enterprise clients to financially integrate their exposure to real-world assets.

As the digital asset economy converges, the boundaries between traditional finance and the crypto space will become increasingly blurred. Fractionalization supercharges this phenomenon by introducing unconventional assets and a more inclusive investment class.

Cere’s collaboration with Convergence aims to engender private asset fractionalization, thus providing greater liquidity, transparency, and inclusion for all investors, In the process, Cere expects to radically transform how real-world and crypto-native assets are traded.

Ultimately, the Convergence Protocol incorporates the worlds of both traditional finance and DeFi, combining the advantages of private asset exposure with the liquidity, automation, and transparency features of DeFi.

Use Cases

Convergence Finance is the first protocol to make real-world assets interchangeable in the DeFi space by fractionalization. In essence, the company enables uniquely private assets to connect with DeFi’s extensive liquidity. Convergence investors employ an easy-to-use interface composable with other DeFi protocols to initiate such transactions.

Convergence will invariably expose enterprises to a unique variety of tokenized assets as well. Cere Network’s DeFi platform can facilitate their access to the DeFi world, allowing them to advance their liquidity or leverage their real-world assets.

Thus, by partnering with Convergence, Cere provides enterprise clients with the ability to seamlessly tokenize assets for investment within the DeFi ecosystem.

About Convergence

Convergence is the first AMM that fractionalizes private assets for the purpose of making them interchangeable in the DeFi space. The company provides investors with a single easy-to-use interface composable with other DeFi protocols to take advantage of this functionality.

With Convergence Finance, private asset owners can take advantage of DeFi liquidity to achieve greater market efficiency. In addition, DeFi users can access unique and unconventional real-world assets previously unavailable to them. By combining DeFi’s strengths (its automation, transparency, and liquidity) with lowered investment entry barriers, Convergence aims to provide real-world asset exposure to all DeFi users.

Website / Telegram / Twitter

About Cere Network

Cere Network is well on its way to defining the future of consumer data, e-commerce, and NFTs.

Our key innovation revolves around the Cere Decentralized Data Cloud powered by the Cere Network mainnet.

Cere’s Decentralized Data Cloud (DDC) is designed from the ground up to address today’s enterprise need for individual user data encryption and privacy compliance while simplifying the customization and integration with today’s intelligent (AI) data-driven personalization solutions.

Utilizing this Decentralized Data Cloud, the Cere team is currently rolling out several enterprise projects and its own proprietary NFT platform.

Official Links:

Website / Telegram / Announcement channel / Twitter

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