Memorandum of Understanding (“MOU”) has been reached on September 28, 2021:
CoinFLEX and ASCENT intend to work together in a collaborative manner to pursue business opportunities for both companies. Their respective management teams have concluded that the two companies have complementary capabilities and a mutual effort in pursuing business opportunities will be advantageous.
Founded in 2019, CoinFLEX is the Home of Crypto Yield and is committed to providing institutional and retail investors an easily accessible platform to earn and trade crypto.
CoinFLEX creates innovative solutions to bring investors and crypto markets together through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, the most-capital efficient automated market maker in the world. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital.
ASCENT is an independent global fund administrator who provides customized solutions to a wide range of asset managers across multiple domiciles.
They offer a one-stop solution that includes Fund Solution, Corporate Solution and FinTech Solution for Hedge Funds, Unit Trust Funds, Fund of Fund, Private Equity, VCC, Managed Accounts, Family Offices, Crypto Funds.
As one of the largest fund administrators serving over US$ 8.4B AUA and over US$3.5B AUA for digital assets investment funds in the APAC, ASCENT supports; market-neutral that includes arbitrage Strategies, De-Fi strategies, NFTs, Crypto mining, SAFT and SAFE. ASCENT has a technology platform that integrates all processes and procedures for streamline valuations, 24*7 web portal, EKYC, automated transaction monitoring to manage high–volume crypto transactions. Ascent has fully integrated API capabilities to effectively account for crypto transactions. ASCENT stay connected with clients and partners in this space to remain up to date on any new accounting and reporting requirement
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