BitWell Labs and Sypool reached a strategic cooperation to jointly build asset management and decentralized protocol security system
Recently, BitWell Labs, the venture capital and innovation incubation department of BitWell, the world’s leading growth asset trading platform, has reached a strategic cooperation with Sypool, a synthetic asset management protocol on the Solana public chain. Both sides will carry out comprehensive cooperation in asset management, institutionalized investment vehicles, marketing and operations.
BitWell Labs will cooperate with Sypool to develop an asset-based structured income fund, and develop a new asset management tool on the basis of the Sypool index SAP to facilitate users to manage their assets more efficiently. BitWell will also consider introducing Sypool’s structured income fund to provide users with more investment tools.
Both sides will also carry out technical cooperation to upgrade cooperation technology in user asset management, multi-signature multi-chain wallet risk control and other businesses, and will jointly build basic configurations such as wallet connection verification and storage conversion of the BitWell decentralized derivatives protocol. On the basis of high capital utilization, the security of user assets is further guaranteed.
BitWell Labs will also provide Sypool with financial, market and operation support, assist in market promotion and community operations, and introduce more Solana ecological high-quality assets to users.
About BitWell Labs
BitWell Labs is the venture capital and innovation incubation department of BitWell, the world’s leading growth asset trading platform, dedicated to providing more investment, cooperation and incubation opportunities for the world’s top blockchain projects.
BitWell Labs has achieved $50 million Metaverse special fund to support and invest in GameFi and NFT, as well as other Metaverse related projects and to help more high-quality projects develop in terms of market, operation, trading, etc.
Sypool is an asset management protocol on Solana that raises funds by tokenizing shares of funds (SYP). Not only do Sypool fund managers have the traditional way (buy low and sell high) to earn returns for investors, they also have more “blockchain” ways to benefit fund shareholders.
In some ways, Sypool is more than just a blockchain fund, they can do almost everything other tokens can.