Catenaa, Saturday, November 16, 2024- Infinex, the decentralized exchange founded by Kain Warwick, has partnered with Near Foundation to incorporate Near Chain Signatures into its platform.
This integration will allow users to sign transactions across multiple blockchains using a single Near account, enhancing ease and interoperability for decentralized finance (DeFi) users.
The partnership enables Infinex users to manage transactions on non-smart contract blockchains, such as Bitcoin and Litecoin, as well as Cosmos chains, Dogecoin, and the XRP Ledger, from one unified interface.
Infinex’s CTO, Jed Watson, emphasized the importance of this feature for users’ self-custody, stating, “With NEAR, we can bring the same functionality to chains like Bitcoin, offering users genuine self-custody of native assets without compromise.”
Kain Warwick, also the founder of Synthetix, aims for Infinex to offer a centralized exchange experience on a decentralized platform.
He remarked that this partnership could help achieve “parity” with centralized exchanges by connecting legacy chains to DeFi, pushing for the eventual phasing out of centralized exchanges.
The announcement follows a successful NFT sale by Infinex, which recently raised $67.7 million from the sale of 43,284 Patron NFTs, drawing investments from prominent figures, including Peter Thiel and Vitalik Buterin.
