The Panxora Group has launched the Defi fund, which is based in Cayman Island. It is believed that this will help the investors gain access to the Defi market opportunities. This development was made possible with AI trading software of Panxora, which is being used since 2017.
Currently, the Defi market is in full form as there have been some huge developments in this sector. Several Defi tokens have seen some huge surge during this pandemic period. In between January and September, OMG token has seen a huge increase as it has reached $5.30 from $0.61. Similarly, AAVE has also seen some huge success during this period.
Panxora’s Partner Believes Defi Market is in the Earliest Possible Stage
Gavin Smith, managing partner of Panxora, has said that despite the success that Defi market has seen over the past several years, it is still at its earliest possible stage. He also mentioned that after getting such a great response in its earliest stage itself, there will be a huge success in this sector over the next few months, which will greatly bolster the Defi market and give it an impetus for a long time.
Defi Could Impact Global Financial Services
It is assumed that the person-to-person transactions in Defi market is going to have a huge impact on global financial services. Through this, it will be able to bring the real-world assets on to blockchain, which will also help facilitate a huge amount of asset transfer. These assets will include several precious metals and the fiat currencies as well. Marcie Terman, COO at Panxora, has said that this Defi Fund has been launched to give more exposure of interest to the Defi market. However, this has to be kept in mind that firm only has a limited number of specialists for this particular sector and project.