zCloak Network and Solv Protocol officially reach a strategic partnership

ChainCatcher news, on January 12, at the first SFT Innovation Forum, the founder of zCloak Network and the co-founder of Solv Protocol jointly announced that they have officially become strategic partners for the DESFT project.

It is reported that DESFT was jointly designed and incubated by zCloak and Solv, and was unveiled at the Singapore FinTech Festival last November. The project is jointly supported by the Monetary Authority of Singapore and the Bank of Ghana, aiming to help small and medium-sized enterprises in developing regions participate in international trade through corporate digital identity, digital credentials, and ERC3525 technology, obtaining fair, accurate, and affordable financial services in cross-border digital economic activities.

Through deep cooperation on the DESFT project, both parties agree that zCloak's zero-knowledge proof and digital identity technology complement Solv Protocol's ERC-3525 standard very well, with strong integration and broad innovation space in practical application development. In order to better explore the path of asset tokenization in the real world, both parties have officially established a commercial strategic partnership to jointly expand future technological cooperation and business landing scenarios.