zCloak Network and Solv Protocol announce strategic partnership

On the afternoon of January 12, 2024, the first SFT Innovation Forum was officially launched. During the meeting, the founder of zCloak Network and the founder of Solv Protocol jointly announced that the two parties have officially become strategic partners. In November 2023, DESFT, a project jointly designed and incubated by zCloak and Solv, received attention at the Singapore Fintech Festival. This project is jointly supported by the Monetary Authority of Singapore and the Central Bank of Ghana. It aims to help developing countries through corporate digital identities, digital credentials and ERC3525 technology. Small, medium and micro enterprises in the region participate in international import and export trade and obtain fair, accurate and affordable financial services in cross-border digital economic activities. Through in-depth cooperation in the DESFT project, both parties agreed that zCloak’s zero-knowledge proof and digital identity technology and Solv Protocol’s ERC-3525 standard are very complementary, and have strong integration and broad potential in the development of practical applications. Space for innovation. In order to better explore the path of asset tokenization in the real world, the two parties have formally established a commercial strategic partnership to jointly expand future technical cooperation and commercial implementation scenarios.