PureStake is a Founding Validator for Centrifuge Launch

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Centrifuge’s Decentralized Asset Financing Protocol Delivers a New, Easier Way to Finance Assets and Unlock Capital

Boston, MA – May 26, 2020 – PureStake, a leader in secure and reliable blockchain infrastructure and tools, today announced its validator services to support the Centrifuge network launch. Centrifuge is a protocol for decentralized asset financing with the aim of bridging real-world assets to the world of DeFi.

As a Substrate-based chain, Centrifuge shares much of the same underlying technology as the Polkadot and Kusama networks. This has made it easy for PureStake to create secure, reliable validator services using similar infrastructure and processes as their existing Kusama validators.

“Centrifuge is solving real-world cash flow problems that individuals and businesses face today,” says Derek Yoo, CEO of PureStake. “It’s a great example of how decentralized technology can create unique solutions that are not possible using traditional approaches. We are very impressed with the team, technology, and mission of Centrifuge, and pleased to provide validator services to help them deliver on that mission.”

The public launch of Centrifuge enables asset originators to tokenize their assets and access liquidity offered through DeFi. Centrifuge tokenizes assets such as invoices, royalties, loans, or other real-world assets, which can be financed by investors seeking yields through DeFi. You can learn more about today’s launch via Centrifuge’s announcement: https://medium.com/centrifuge/introducing-decentralized-asset-finance-onboarding-the-world-to-defi-f400ad906546

To learn more about PureStake’s validator services for Substrate-based chains, or to contact us, please visit: https://www.purestake.com/technology/polkadot-services/

About PureStake

PureStake’s team has extensive experience building technology companies and complex software platforms. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides infrastructure services and creates developer tools for next-generation blockchain networks.

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