Swiss lending Fintech company Acredius has partnered with the Cardano Foundation to use the Cardano blockchain for tokenization and lending services. Acredius customers can leverage ADA to directly invest in small and medium Swiss enterprises. Cardano needs precisely this kind of partnership to make a real impact in the financial sector. Through many such small steps, the entire sector can be fundamentally disrupted over time. TLDR The most important thing about the partnership is the use of Cardano to build Peer-to-Peer financial services and tokenization. Blockchain networks must become the financial backbone of the world. People must adopt not only crypto-assets but more importantly blockchain networks. Connecting Worlds It is vital that emerging blockchain technology establishes itself as the technological backbone of the financial world. It makes a huge difference whether the financial sector adopts only assets (ADA, BTC, ETH) or uses blockchain (Cardano, Bitcoin, Ethereum) to build financial infrastructure. If banks invest in cryptocurrencies or broker the purchase for their clients, these are only custodial services. There is almost nothing decentralized about this and there is essentially no disruption to the financial sector. The banking world can theoretically use cryptocurrencies as investment assets and profit from the services offered. This is more or less the current state of affairs. It's good for a start, but the more important step needs to be taken. It is necessary to start using blockchain in such a way that the current centralized financial services turn into Pee-to-Peer services. This is the important thing about the partnership between Acredius and the Cardano Foundation. The partnership will allow the use of ADA coins to invest in Swiss SMEs. They will soon get access to a secondary market. Acredius plans to deploy smart contracts on Cardano to enable the tokenization of loans. The aim of integration is to achieve greater transparency, security, and trust. Acredius' strategy is to promote greater financial inclusion and adopt new technologies in the financial business, which can be a significant competitive advantage. Onboarding new people and teaching them to use blockchain technology is a very complex thing. Many users may find it difficult to learn how to use a cryptocurrency wallet. Using the DeFi service is another challenge. People often don't take this adventure simply because they don't trust the whole industry. That's why it's very important to connect the world of traditional finance with blockchain technology. People will trust blockchain more if they feel that someone they currently trust is using blockchain or offering services related to it. If more Fintech companies deploy smart contracts on Cardano, it will be a success for this project. Some financial institutions have announced in the past that they will stake ADA on Cardano. This is positive as staking can be considered a financial peer-to-peer service. However, staking itself does not disrupt financial services such as lending, insurance, investing, etc. Cardano needs more partnerships like the one with Acredius. When there are 100 or 1,000 such partnerships, no one will doubt that the financial world will undergo a fundamental disruption and we will probably redefine basic concepts such as money, credit, and debt. People will stop using paper forms and everything important will be on the blockchain in the form of smart contracts, tokens, and decentralized identity. This future is very likely inevitable because we already have the technology. The question is how long adoption will take, and no one has the answer to that. It is important to see things in a broader context. Credit Suisse has gone bankrupt and Fintech companies like Credius are starting to use Cardano to deploy smart contracts. This is, after all, exactly what every cryptocurrency fan should be rejoicing about. Conclusion The old corporate banks are incapable of innovation and will therefore sooner or later be replaced by those who can use modern technology to increase efficiency. Once again, the importance of the work of the Cardano Foundation for the adoption of the project is demonstrated. Communication between teams at the management level, as well as IT experts, is extremely important for adoption. It is naive to think that Fintech companies will randomly choose a blockchain and start using it just because it exists. Let's wish the partnership between Cardano Foundation and Acredius success.
