Madrid-based ONYZE, a first next-generation crypto-asset custody company, announced on Monday that it has closed the first investment fund based on decentralised finance at the European level.
The company says that the project took place within the secure testing environment of the Spanish financial sandbox, receiving praise from the National Securities Market Commission (CNMV) at a European level.
Ángel Luis Quesada Nieto, CEO of ONYZE, says, “Thanks to the work of all the parties involved, we have been able to create a new and disruptive product, which shows that new finances are not opposed to the regulator and that safe and regulated products can be made in DeFi/Blockchain environments.”
ONYZE has spearheaded the coordination of this project in collaboration with one of the country’s most established investment fund managers. However, the fund manager’s name has not been disclosed.