Atlendis, a prominent decentralized finance (DeFi) project, has reached a major milestone by securing a substantial $1 million loan from the renowned French National Bank BPI. Moreover, the project has demonstrated full compliance with the requirements of the PSAN (Prestataire de Service sur Actifs Numériques) license, further strengthening its position in the rapidly evolving DeFi landscape.
PSAN License Facilitates the Initial Setup of Non-Crypto Firms
The PSAN registration acts as a model for regulatory norms, allowing Atlendis to onboard non-crypto enterprises while remaining open and accessible to investors. Atlendis Flow, the company’s most recent product, simplifies decentralized lending protocols for institutional borrowers by enabling direct crypto-to-fiat transfers.
Through automation, this product provides on-chain liquidity, cost savings, and greater efficiency. The system’s strategy change away from lending to high-risk organizations like Web3 enterprises and DeFi protocols signifies a shift to concentrating on real-world assets and fintech businesses.
An Awakening
After the demise of FTX and the market turmoil, Atlendis reviews its product offers. CEO Alexis Masseron accepts DeFi complaints and creates Atlendis Flow, a new technique that connects the Atlendis protocol and clients’ bank accounts. This offers up new avenues for non-crypto companies to enter the blockchain area. Atlendis has already begun to offer non-dilutive growth funding and pan-African trade finance platforms to fintech startups such as Karmen and Fluna. This trend is predicted to usher in a new age of non-crypto enterprise blockchain use.
Building a Stronger Financial Foundation
The collaboration with the French National Bank BPI is a huge step forward for Atlendis, providing the initiative with considerable financial support. The $1 million financing is likely to be used to improve the project’s infrastructure, extend its products, and explore new DeFi possibilities.
Confidence in Atlendis’ Vision
The collaboration with the French National Bank BPI and PSAN license compliance not only demonstrates Atlendis’ reputation but also instills faith in its mission. The DeFi business is rapidly expanding, drawing both institutional and retail investors. Atlendis’ ability to get investment from a well-known financial institution like BPI while still meeting regulatory requirements demonstrates the project’s potential to become a dominant player in the DeFi market.
Prospects for the Future
Atlendis is set to boost its development and innovation activities with freshly obtained finances. The DeFi initiative intends to deliver cutting-edge financial products and services that meet market expectations while emphasizing user security and accessibility.
