The HBAR Foundation announced today that Akt.io, a platform developed to bridge DeFi, payment services, and wealth management, has partnered with HBAR Foundation for the launch of its first DeFi app on the Hedera Network with carbon-negative, sustainable, and organization based public network to help the decentralized economy.
The HBAR Foundation has given Akt.io funds along with organizational assistance to help it start and flourish at the respective Hedera Network. Users will automate investments using clever algorithms, create revenue with digital assets, connect finely to the akt.io Wealth Card, a well-known payment card, through their upcoming app.
Shayne Higdon, the executive director and CEO of the HBAR Foundation, said that they are highly impressed by the revolutionary platform akt.io and delighted that they chose the Hedera Network to help them realize their vision to offer retail investors an integrated model allowing their money for the investment and offering instant liquidity that comes when there is enough cash in the bank. The HBAR Foundation is happy to partner along with akt.io to assist in speed the transformation of banking.
The HBAR Foundation helps developers, businesses, and organizations build on the ecosystem of Hedera by offering technical support, business development, and marketing resources. Hedera has a transaction rate of 10,000 per second, settlement in real-time and low use of bandwidth and fees. The consumer network handled transactions of 1.75 billion, which was generated through real-world apps, and currently handles accounts of 410k since its inception in 2018.
About HBAR Foundation
The HBAR Foundation, established in 2021, supports the Hedera ecosystem’s growth by offering grants and resources for developers and organizations looking to create applications that are decentralized in NFTs, DeFi, CBDCs, and other areas. The HBAR Foundation works like the balanced force growth by offering professional help across marketing, technical, and business development, along with activities necessary to grow and give funds through a simplified grant process.