The development of an on-chain decentralized exchange (DEX) on Solana, which allows permissioned access based on digital identification for institutional investors, is the result of a partnership between decentralized investing protocol Solrise and digital identity solution pioneer Civic Technologies.
Solrise DEX Pro is based on Serum, a Solana-based DEX that offers a typical order book experience. Serum was created by FTX, a cryptocurrency exchange led by billionaire Sam Bankman-Fried, whose Alameda Research is one of the Solrise DEX’s market-making firms at launch.
Permissioned DEX establishes a precedent for more stringent governance of the DeFi ecosystem. Alameda Research will provide support and liquidity for Solrise DEX Pro.
Institutional investors will be able to profit from on-chain liquidity while remaining in the permission environment with Solrise DEX Pro.