Why Civic Is Building DeFi Identity Tools on Solana

[RSRS]

Identity verification is coming to Solana-based decentralized finance (DeFi), courtesy of Civic Technologies.

Solrise Finance, a decentralized fund management and investing platform that uses the Solana blockchain, has partnered with Civic to create a decentralized exchange (DEX) with permissioned access based on digital identity verification, the companies announced Thursday.

Solrise DEX Pro, as it’s called, is built on Serum, a Solana-based DEX with a traditional order book experience. Serum was built by FTX, the cryptocurrency exchange helmed by Sam Bankman-Fried, whose Alameda Research is among the market-making firms on the Solrise DEX at launch.

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