Controversial Marketmaker DWF Labs Announces Partnership with a New Altcoin: There is a Sudden Surge in Price
Polytrade Finance, a protocol specialized in real-world assets (RWA), announced a strategic partnership with DWF Labs, a global digital asset market maker and multi-stage web3 investment firm.
This collaboration aims to create a comprehensive hub for real-world assets by integrating institutions and protocols into Polytrade’s upcoming RWA Marketplace.
Polytrade announced earlier this year that it had secured $3.8 million in funding from leading investors such as Alpha Wave, Matrix Partners, Polygon and CoinSwitch. Following the collaboration, the TRADE altcoin climbed over 40%.
Chart showing the rise of Polytrade’s TRADE altcoin following the DWF Labs announcement.
Polytrade Founder Piyush Gupta expressed his excitement about the partnership:
“Polytrade was born out of the realization that fundamental challenges in our current financial systems could be solved using blockchain, leading not only to better capital allocation but also to meaningful lasting impact. Our collaboration with DWF Labs is a testament to our commitment to redefining the real-world asset landscape. “Together, we will drive innovation and transform the way global financial institutions and users access and interact with real-world assets.”
*This is not investment advice.
