Brevan Howard Digital’s Abu Dhabi branch has allocated $20 million in assets to Kinto, an on-chain financial portal, marking a significant move by a traditional financial institution into decentralized finance. 

Kinto provides a tailored blockchain platform with a custom smart contract wallet, enabling financial entities to deploy capital on-chain while adhering to stringent legal and compliance standards. 

Notably, Kinto is the only Layer 2 solution that integrates native Know Your Customer and Anti-Money Laundering protocols at the blockchain level. It also offers default wallet insurance and robust security features, making it a unique option for institutional adoption.

Kinto’s mining program incentivizes participants who deposit assets on-chain through token emissions. Designed to run for a decade with gradually decreasing rewards, this program aims to address key challenges that traditional financial institutions face when engaging with decentralized finance, particularly around security, technical, and compliance requirements.

By participating, Brevan Howard Digital becomes one of the first major traditional financial firms to actively leverage its digital assets within Kinto’s ecosystem.

Ramon Recuero, CEO and co-founder of Kinto, highlighted the forward-thinking approach of platforms like Brevan Howard Digital. He expects a growing trend of similar institutions entering the on-chain space, particularly as solutions like Kinto provide the necessary regulatory clarity and compliance features.

Recuero stated, “Institutions have been waiting for two things: regulatory clarity and compliance features. Now, through Kinto, financial institutions don’t need to wait any longer.”

This development underscores the evolving financial landscape, where traditional institutions are increasingly exploring and integrating decentralized technologies to enhance their service offerings and operational efficiencies.