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Unizen’s CeDeFi Alliance, A Crypto Non-Profit Focusing On Compliance

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Jan 31, 2022

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It was just announced that Unizen has received funding from investment management service Jun Capital, to build CeDeFi Alliance – a crypto non-profit that will focus on compliance. 

What is Unizen?

Unizen is most well-known for creating Unizen Exchange, a platform designed to find the most cost-efficient trades across a multitude of exchange modules – including Binance, the world’s biggest Bitcoin and altcoin crypto exchange in the world by volume. 

The smart centralized decentralized finance (CeDeFi) ecosystem is powered by the centralized exchange module Binance Cloud, along with decentralized exchange modules Uniswap and SifChain. 

Ultimately, the platform aims to put traders in a ZEN state of mind when trading, through housing and aggregating trades across trusted first- and third-party exchange modules.

What does CeDeFi mean for the crypto industry?

The term “CeDeFi” is relatively new to the crypto universe. It essentially encourages corporations to explore exciting and innovative modern financial products – while still ensuring that they meet conventional financial regulatory standards. 

Given regulators’ growing concerns over crypto compliance over the past couple of years as the popularity of cryptocurrencies has continued to grow, it is becoming increasingly clear that this will become vital in the coming years. 

To tackle these ever-growing issues, it has just been announced that Unizen will be receiving both financial and organizational support from Jun Capital, in order to form CeDeFi Alliance. 

Jun Capital and Unizen have previously collaborated to create CeDeFi incubator, ZenX

Jun Capital is a global partnership that focuses on investing in and advising top-tier crypto projects and tech companies that are searching for investment and strategic partners across Asia. 

This is not the first time the two companies have joined forces – last year, they worked together to create ZenX.

Also a CeDeFi project, ZenX is an incubator that supports decentralized projects by providing technical expertise and growth management in order to help projects to navigate the complex regulatory maze that they have to get through. 

So far, ZenX has successfully managed the incubation and launch of multiple projects in the crypto industry.

This includes Cirus, an extension that allows users to earn crypto when they are surfing the web, and Dimitra, a data driven farming platform. 

What will CeDeFi Alliance do?

CeDeFi Alliance is a non-profit designed to unite decentralized teams with centralized decision-makers in order to encourage cooperation. 

Right now, Jun Capital and Unizen are working together to create the foundation of CeDeFi through lobbying the CeDeFi interests with some of the key stakeholders in the industry.

This will also involve developing elaborate regulation, full compliance, high-impact communication, as well as a versatile tech toolkit. 

In the beginning, CeDeFi Alliance will focus on the key financial applications of the centralized-decentralized approach. As time progresses, it will broaden its focus in order to explore some of the most innovative use cases across other industries. 

If this is a success, then the potential for CeDeFi to revolutionize other industries is huge. 

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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