The two companies will integrate their respective technologies and services to develop new products on the Rebuschain platform and the decentralized exchange Verto Trade launching in April 2023.
Schio, Italy: Today Rebuschain and Commercio.network announce a blockchain partnership. The two Blockchains based on the same Cøsmos technology, IBC and Bridge Ethereum, operate in the decentralized financial technology (DeFi) sector, and will collaborate to integrate their respective technologies and services.
Rebuschain, uses a Native Token utility, $REBUS, to allow a channel of asset managers and other financial institutions to manage and sell DeFi instruments alongside their traditional instruments (TradFi), will make use of the technology and services of Commercio.network. In particular, Rebuschain will become a validator node of Commercio.network and will use the technology of Commercio.network to implement KYC, and notarization needed in the TradFi sector.
Commercio.network, an eIDAS Compliant Blockchain that uses a Native Token utility, $COM to allow members of its network to sign and exchange documents with legal value, will take advantage of the Rebuschain technology. In particular, Commercio.network will become a Rebuschain validator and will use DeFi products Vertotrade.com, NFTID, and Rebus Vault.
The partnership envisages that both parties make themselves available to exchange information relating to their technologies available in their portfolio, in order to better understand their technical-commercial interaction and achieve common objectives. The partnership will aim to develop new DeFi and TradFi products and solutions on the Rebuschain platform and on the decentralized exchange Vertotrade.com, using the Commercio.network blockchain as a support infrastructure for the exchange of legally binding documents.
The partnership represents an important step forward for both blockchains, which will be able to benefit from their respective technological skills and knowledge, opening up new business opportunities and consolidating their position on the market of Cøsmos, IBC and Bridge Ethereum technology and decentralized technologies.