Multichain synthetic assets network PLUGnet has announced the entry of Honeycomb Digital Investments to its Partner Alliance. Honeycomb, a digital asset investment firm, will work with other Alliance members to help promote, integrate, list, trade, support, and govern PLUGnet.
The firm’s investments already span the full range of blockchain and distributed ledger technologies. Its solution couples blockchain knowledge with decades of experience from the traditional securities world. Honeycomb will provide valuable insights to PLUGnet, as it continues to make synthetic asset creation easy for the DeFi sector of the blockchain and cryptocurrency industry.
PLUGnet CEO Jerry Yuan said
One of PLUG’s goals is to help bridge the gap between traditional asset management and DeFi by allowing more compliance and better safety for assets. We are proud to announce the new PLUGnet Partner Alliance member Honeycomb Digital. We will benefit from their expertise in traditional finance.
Honeycomb Digital Co-founder and CIO Baxter Hines, CFA said
We look forward to working with PLUGnet and all the great organizations that take part in its Partner Alliance. Making DeFi easy is a big part of what we envision for the space and a necessary step for its adoption. A step that PLUGnet is among the first to take.
The PLUGnet Partner Alliance has over 15 partners, including protocols, staking farms, infrastructure projects, liquidity providers, and exchanges with a combined daily trading volume of over $10 billion in USD. They work together with the network to make DeFi safer for institutional investors by integrating with their trusted providers.
PLUGnet is public proof of stake network that enables asset custodians to leverage any asset from any network in its synthetic form in DeFi. On it, users can create, manage, and leverage these assets in a semi-permissionless way on a single network. All this is done through a simple user experience.
Honeycomb Digital Investments is an institutional grade investment firm focused on digital assets and companies utilizing blockchain technology. Its objective is to provide investors with opportunities to capture benefits from the upcoming growth and development of blockchain and its underlying ecosystem.