Atlendis Secures $1 Million Loan, Obtains PSAN License for DeFi Compliance

• Atlendis, a French DeFi project, secured a €1 million loan ($1.108.055) from the French public investment bank and obtained PSAN (crypto services provider license).

• The move towards the private debt market signals a strategic shift away from lending to high-risk entities, such as Web3 companies and DeFi protocols, to real-world assets and fintech companies.

• The PSAN license enables Atlendis to onboard non-crypto companies by providing on-chain liquidity for real-world use cases with cost savings and increased efficiency through automation.

Atlendis Secures $1 Million Loan

French DeFi project Atlendis hit two major milestones as it secured a €1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license (PSAN). This license enables Atlendis to onboard non-crypto companies, making it more transparent and accessible to all investors provided they undergo the required Know Your Customer (KYC) process.

Strategic Shift Towards Private Debt Market

The collapse of FTX and market turbulence served as a wake-up call for Atlendis prompting them to reevaluate their offerings. Recognizing the high risks associated with their previous lending model, Atlendis took measures to safeguard investors’ interests and moved towards the more stable and lucrative private debt market. With Atlendis Flow acting as a bridge between the Atlendis protocol and customers’ bank accounts, it provides opportunities for businesses to enter the blockchain space without facing technical barriers.

On-Chain Liquidity for Real World Use Cases

Atlendis Flow presents a breakthrough in decentralized finance by simplifying decentralized lending protocols for institutional borrowers enabling direct crypto-to-fiat transactions with cost savings and increased efficiency through automation. By providing on-chain liquidity for real world use cases it promises cost savings and increased efficiency through automation which makes it more appealing to businesses seeking to leverage blockchain technology without facing technical barriers.

Aligning With European Regulations

Atlantis’s move towards the private debt market signals its commitment in alignment with upcoming European regulations MiCA which is formulated on new regulatory guidelines granted by PSAN registration . This compliance further serves as an assurance of security protecting investors’ interests in accordance with France’s crypto regulations

Breakthrough In Decentralized Finance

Atlantis provides a breakthrough in decentralized finance by simplifying decentralized lending protocols for institutional borrowers enabling direct crypto-to fiat transactions thus opening up new opportunities for non cryptocurrency firms that might be interested in leveraging blockchain technology without having any prior knowledge of coding or complex wallet installations or Polygon interactions .

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