Using Web 3.0 protocols, Persistence aims to enable and create a suite of bleeding edge financial products in niches ranging from staking-as-a-service and tokenized ‘real-world’ debt to digital art.
Persistence provides a platform to power Debt Marketplaces that match entities with surplus capital (lenders) to entities that require capital (borrowers).
To achieve this, Persistence leverages few key features of the Blockchain / Cryptocurrency ecosystem:
➔ Movement of capital - in a trustless, borderless, instant and round-the-clock manner
➔ Asset tokenization - tokenizing ‘Real-world’ Assets such as invoices, letters of credit, bills of lading (representing goods on a ship) using Non-Fungible Tokens (NFTs).
➔ Decentralized Exchange – to facilitate easy trading and exchange of ‘Real-world’ assets against crypto assets (Stablecoins)
➔ Debt marketplaces – allowing for use of crypto assets and Real-world assets as collateral to borrow/lend against
Once a real-world asset has been tokenized into an NFT, it is free to be traded or used as collateral to finance business needs in a quick, easy and global manner.
The need for a solution like Persistence has never been clearer. A sizable and increasing amount of institutional capital and emerging Stablecoins are looking to generate yield. There is an ever increasing need for MSMEs traders and businesses to access financing. Persistence matches the two.
Persistence enables more efficient global capital allocation.
Head of Research, Spartan Capital
Co-founder and COO, Polygon (Matic Network)
Director, Iris Network
Founding Partner, Arcanum Capital
Zhi Hao Loy
Senior Associate, Dentons Rodyk
Managing Partner, Tavis Digital
Asia Head of BD and Ops, TZ APAC