In a groundbreaking development for DeFi access, compliance, and transparency, Cred Protocol, renowned for its emphasis on trust and transparency in credit reporting and underwriting, is partnering with Lumina, a decentralized exchange utilizing zero-knowledge technology. Together, they aim to establish a secure and accountable decentralized financial ecosystem. The collaboration will give rise to a permissioned institutional on-chain credit market on Mina, providing businesses with a secure and transparent channel for capital provision, market access, and borrower interaction. Lumina’s compliance framework and Cred’s automated underwriting processes will streamline operations, ensuring transaction and user data privacy while meeting the highest underwriting standards. This partnership addresses a significant market gap, fostering a more inclusive and accessible financial ecosystem. The strategic collaboration between Cred and Mina Ecosystem member Lumina is set to create new opportunities for institutional and individual users, particularly as AI advances in assessing credit risk for underbanked borrowers. This milestone not only aligns two leading platforms but also signifies a step forward in the maturation of decentralized finance, highlighting compliance, transparency, and access as the foundations of a resilient and trustworthy financial ecosystem. For more info visit https://app.credprotocol.com/ Last updated 27 dec 2023.