Mati Greenspan’s Quantum Economics said on April 13 that it has acquired the DeFi platform Revault Network.
Revault is a service that allows users to find the highest performing vaults at any given time, eliminating the need for users to choose where to deposit their funds.
Quantum Economics will acquire assets and intellectual property from the Revault Foundation and its subsidiaries, according to a press release shared with CryptoSlate. Quantum Economics will also acquire the Revault founders’ tokens that have been transferred to their own DeFi project, Layered Cake Protocol.
Revault Network’s decentralized autonomous organization (DAO) will continue to operate and vote on development decisions. Quantum Economics noted that the acquisition marks the first time a DAO has been purchased by an Israel-based company.
The Revault Network REVA token will also remain in use. The token has only a small market capitalization, valued at just $668,000 today, according to CoinGecko.
Revault and the quantum economy previously associated in 2022.
CEO of Quantum Economy Matty Greenspan suggested that the acquisition will help promote decentralized finance in general. Greenspan expressed his belief that DeFi can “completely replace traditional finance” within a decade, saying that viable alternatives to traditional finance will allow investors to “invest in DeFi safely and easily.”
Greenspan is well known in the blockchain sphere for his extensive commentary on the cryptocurrency industry and advice on portfolio management. In addition to his founding role at Quantum Economics, he previously served as a Senior Market Analyst at eToro.
The charge Revault Network Acquired by Mati Greenspan’s Quantum Economics first appeared in CryptoSlate.
