TechFlow reported on February 17, according to CoinDesk, that the Abu Dhabi branch of Brevan Howard's crypto division, a global investment management firm, has invested $20 million into the Ethereum Layer-2 network Kinto. Kinto is a blockchain platform designed specifically for institutional participation in decentralized finance (DeFi), integrating compliance features such as KYC and anti-money laundering (AML) at the blockchain level, aiming to help highly regulated financial institutions engage in the DeFi ecosystem.
Ramon Recuero, CEO and co-founder of Kinto, said the platform will run a ten-year mining incentive program, rewarding participants with tokens for depositing assets on-chain. While mining programs have long been a key component in the DeFi space, traditional financial institutions have previously faced difficulty participating due to compliance barriers. Kinto also offers smart contract wallets with built-in insurance and enhanced security features, further lowering the barrier to entry for institutional players.
Recuero emphasized: "Institutions have been waiting for two things: regulatory clarity and compliance functionality. Now, with Kinto, financial institutions no longer need to wait."
