DeFi Dev Corp forms strategic partnership with Switchboard to build RWA infrastructure on Solana
Foresight News reports that DeFi Dev Corp has announced a strategic partnership with Solana decentralized oracle service provider Switchboard, aiming to strengthen the infrastructure for real-world assets (RWA) on the Solana blockchain.
The collaboration will include building custom oracle data sources for RWA, a real-time proof-of-reserves system, joint product development and marketing, and further integration of Switchboard oracles into DeFi Dev Corp’s RWA strategy. DeFi Dev Corp stated that this move will help expand its Solana vault strategies, validator infrastructure, and drive innovative on-chain asset strategies for public markets.
Parker, Chief Operating Officer and Chief Investment Officer of DeFi Dev Corp, said that reliable, transparent, and verifiable on-chain data is key to unlocking the potential of RWA, and Switchboard’s robust oracle network makes it an ideal partner.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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