On July 8, 2020, Morpheus Labs, a Singapore-based firm that aims to create an enterprise-grade development platform for blockchain apps, revealed that they see Decentralized finance (DeFi) the fastest-growing areas of the emerging blockchain industry.
To this effect, the company announced plans to partner with three established startups specializing in DApp development, asset digitization, and DeFi innovation.
As per the announcement, the forthcoming partnerships play an important role in the capital markets ecosystem, such as DeFi to help organizations re-architect the processes to address latency challenges and security concerns.
Today’s collaboration will further accelerate the adoption rate of DeFi apps via Morpheus Labs’ extensive tools offered in their Blockchain Platform-as-a-Service (BPaaS) and App Marketplace.
The firms involved will be equipped with the tools they need to build cost-effective DeFi applications and operate distributed ledgers at a fraction of the current time.
By tapping into Morpheus Labs’ SEED, which is essentially a BPaas built to be blockchain-agnostic with numerous integrated protocols, the firms that form today’s partnership will also benefit from ready-to-use development tools and a collaborative environment for developers.
Unicsoft, RedBlock Capital and SotaTek Join Forces with Morpheus Labs
The first firm to partner with Morpheus Labs is Unicsoft, a prominent expert in creating Blockchain-based custom software solutions for the Fintech industry.
Their platform offers developers the benefits of both modern and lightweight Proof-of-Authority mechanisms and smart contracts, a vital input into a promptly growing market of Blockchain development and DeFi innovations.
Secondly, Morpheus Labs will work with RedBlock Capital, a digital investment and fintech company working with numerous startups to digitize financial instruments for capital market activities.
RedBlock Capital offers a blockchain-powered, end-to-end asset management platform with a global network of capital market participants, including broker-dealers, secondary exchanges, custodians, and liquidity providers.
Finally, SotaTek, a firm that develops many financial DApps on top of transparent blockchain platforms, building advanced financial instruments such as DEX and tokenization platforms for their clients worldwide, also joins the partnership.
These industry leaders in blockchain development and finance will now have access to an end-to-end solution for innovation and value creation with leading blockchain technologies from Morpheus Labs.
This collaborative environment will empower them to perform efficient prototyping, deployment, and integration of applications to reap the core benefits of DeFi.
Morpheus Labs Spearheading Blockchain Development
Morpheus Labs has, in recent months, demonstrated its capabilities to accelerate blockchain and dAPP development.
In June 2019, the company integrated NEO into its services, allowing developers to run a private NEO network and access a custom NEO dApp development stack and its other features.
The integration aimed to simplify the adoption of blockchain technology for developers and enterprises by quickly deploying a private NEO network and accessing a pre-defined NEO dApp development stack. The NEO deal preceded another partnership with Waves Platform to combine Wave’s core expertise in blockchain tech with Morpheus Labs own BPaaS.