What is FinNexus?
FinNexus is the new open finance protocol being built on the Wanchain blockchain. It is a hub for connecting different decentralized ledgers to each other and users, and also for connecting with traditional finance applications. The first iteration of FinNexus will be a marketplace for hybrid decentralized/traditional financial products.
FinNexus Objectives And Definition
In the crypto economy, there exist a number of different connectivity needs. The need for connectivity between assets and blockchains, between users and blockchains, and between different service providers and their users. Currently these connections are ad hoc, unsystematic, and highly inconvenient. Instead, the connections should be unified, user-friendly, and generalizable. FinNexus is a general protocol aiming at providing those connections.
Here ‘connection’ refers not only to technological connections, but also business connections. Therefore, FinNexus is not just a technological protocol, but also a business protocol. Moreover, FinNexus is not just one protocol, but in fact a collection of multiple protocols which together compose the FinNexus ecosystem.
By connecting to FinNexus:
- It will be easier for participants to look for, manage and acquire blockchainbased assets. (Connection between users and blockchains)
- It will be easier for asset owners to conveniently offer on-chain assets. (Connection between assets and blockchains)
- It will be easier for OTC platforms, brokers and exchanges to find users and provide them services. (Connection among service providers and their users)
- All the participants above can use FinNexus in an open, transparent and equal way, so as to fulfill the requirements of diversity, convenience and value.