Teletrade Companions with Blockchain-Based mostly Escrow Supplier Serenity

CySEC-regulated FX dealer TeleTrade has partnered with blockchain-based escrow service supplier Serenity, which faucets the rising know-how to handle the relationships between merchants and brokers‎.

Serenity’s platform goals to safe the protection of buying and selling by way of blockchain-based capabilities that allow commerce contributors to examine the validity of transactions and whether or not shoppers’ trades had been moderately priced and executed.

The startup has not too long ago managed to lift as a lot as $four million in a single spherical of funding by way of an preliminary coin providing (ICO) for its SRNT token.

Serenity’s system additionally provides an impartial arbitration platform. Because of ‎the blockchain know-how, all commerce operations ‎may be recorded, which ‎permits merchants to examine the accuracy of commerce executions by brokers. The ‎brokers, then again, will be capable of display the pace and ‎accuracy of their service to merchants always‎.

Earlier in April, Serenity joined fingers with Atirox and Make Capital Group to increase its enterprise attain worldwide.

Commenting on the information, Serenity’s founder Stanislav Vaneev mentioned: “The ‎partnership with the global FX company TeleTrade will give us a great ‎opportunity to adapt our solutions in local markets around the world. Without ‎any doubt, the partnership with TeleTrade Group of Companies will help ‎Serenity grow in numbers and achieve its goals in the nearer future.”

Stanovoy additionally added that “Brokers that join Serenity demonstrate the will to ‎be transparent and open to traders and the financial industry as well.”‎

In an unique interview final month, Vaneev told Finance Magnates: “Serenity will protect participants with a smart contract which will ensure trading and other activities are conducted according to the market rules and practices and at fair prices so that nobody is hurt or cheated.”