Madrid-based ONYZE closes Europe’s first decentralised finance investment fund

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.

This is the second Onyze project admitted to the Spanish financial sandbox.

Both institutions, during the project, validated the initial proposals about the security and transparency offered by blockchain technology and the protocols of decentralised finance in the custody and valuation of digital assets.

To do this, the CNMV monitors and supervises real-time operational data and results to draw positive conclusions.

ONYZE: Digital assets custody platform

Founded in 2019, ONYZE is a developer of a digital assets custodian application designed to provide partners and investors with API-accessible cryptocurrency products.

ONYZE’s mission is to enable companies to offer digital asset services to their end users.

Using the highest security standards of the European market, the Spanish company provides solutions for securing crypto assets. Additionally, the company’s automated AML system regarding cryptocurrencies prevents unlawful activities.

The company also offers exchange operations, NFT custody, and DeFi solutions.

Since 2019, the company says its growth has been exponential, making agreements with organisations such as Renta 4 Banco or Allfunds and innovative projects in the first and second regulatory Sandbox of the Treasury, as well as the development of proof of concept for institutions like CaixaBank.