Tezos, one of the well-known blockchain platforms in the crypto arena, will launch a suite of lending products with the leading DeFi platform called “EQIFI,” providing support for the Tezos blockchain ecosystem.

Why did Tezos choose the EQIFI platform?

According to a press release, EQIFI favors Tezos for its judgment over the time-tested network, its proof of quota consensus mechanism, and its community of developers and innovators.

For EQIFI, this partnership establishes them as the first seamless global bridge into the DeFi arena.

Jason Blake, president of EQIFI, believes this will help put EQIFI on top of the industry:

Showcasing a product from an industry leader like Tezos demonstrates the EQIFI tape being put into the DeFi space.

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Providing Tezos owners exposure to bet and borrow is just the next step in positioning EQIFI to become an industry leader.

EQIFI is funded by one of the largest licensed and regulated global banks known as EQIBank.

The platform is decentralized by the owners of a private digital currency called “EQX”.

Tezos is one of the first Layer 1 compliant blockchain networks, based on the Proof of Stake mechanism, compatible with smart contracts.

Tezos has recorded millions of transactions with support for everything from NFT to DAO to DeFi and offers hundreds of applications.

Coding with Tezos:

Tezos is expanding the reach of its token and network with its partnership that it holds every time.

Just a week ago, it was chosen to create digital products for three Swiss banks, including Crypto Finance Group, InCore Bank and Inacta.

InCore, in particular, has promised to launch allotment, trading and warehousing services for Tezos, such as EQIFI.

The price of the digital currency XTZ (Tezos) jumped 15% after the news of the partnership was published.

Stejen Vander Straiten, CEO of Storage Infrastructure at Crypto Finance Group, sees how the smart contract functionality in Tezos can help the financial system.

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The launch of these Tezos use cases for the financial sector makes innovative, compliant on-chain financial products a reality today.

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