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This partnership represents a maturation for digital asset markets and is a significant first step in developing quality decentralized solutions to address inefficiencies within the current OTC market.

Wyre will be providing liquidity to RenEx and serve as a Key Liquidity Partner with Wyre’s OTC trading desk. Having ample liquidity is a necessary component for any dark pool to thrive and we believe this arrangement will only complement our two projects. By virtue of providing liquidity to RenEx, Wyre will be participating in Republic Protocol’s Liquidity Incentive Program, which consists of a revenue sharing agreement emanating from RenEx dark pool fees.

Wyre will be providing KYC integration services to RenEx. Know Your Customer (KYC) is a compliance reality that the decentralized finance world must move towards and we are setting precedence by partnering with an industry leader. Check out Wyre’s recent blog covering the importance of proactivity here.

Wyre will assist in onboarding OTC traders to RenEx through Wyre’s broker services. Wyre will use its existing network to ensure a new cohort of OTC traders can gain exposure to and have easy access to RenEx. Check out Wyre’s OTC infrastructure here.