Kamino Finance, a decentralized finance platform built in the Solana ecosystem, has appointed Yieldstreet co-founder Michael Weisz as chief executive officer. The company said Weisz will focus on expanding Kamino’s presence in the U.S. market and developing institutional credit products.
According to Kamino Finance, the appointment is meant to strengthen its ability to work with large financial institutions while building more compliant infrastructure and capital pools. At the same time, the protocol itself will continue to run on the Solana blockchain.
The company also said the business being built around the protocol is moving toward a model that more closely resembles a traditional financial services firm. The update was cited by Bitcoinist and republished in a Techub News brief.
Kamino Finance, a DeFi platform in the Solana ecosystem, has appointed Yieldstreet co-founder Michael Weisz as its chief executive officer.
The company said Weisz will focus on expanding Kamino in the U.S. market and developing institutional credit products.
Kamino Finance said the appointment is intended to improve its ability to work with large financial institutions and to build more compliant infrastructure and capital pools.
The protocol itself will remain on the Solana blockchain, while the business built around it is moving toward a model closer to a traditional financial services company.
The news was cited by Bitcoinist and republished by Techub News.
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