Swiss Asset Manager Tavis Digital Joins IRISnet, a key player in
China’s State-Backed ‘Internet of Blockchains’
· Swiss asset manager Tavis Digital is actively taking part in China’s new ‘internet of blockchains’ by joining IRISnet’s network of validator nodes.
· IRISnet is a blockchain infrastructure that serves as a communication relayer for other blockchains and their applications, and a key player in China’s state-backed Blockchain Service Network (BSN).
· By running its own blockchain infrastructure for IRISnet, Tavis Digital is actively participating in the governance and security of the IRIS network, while at the same time allowing IRIS token holders to generate interest by staking tokens with the Tavis Digital validator.
Zurich, 15 December 2020
After recently announcing its participation in the Cosmos ecosystem by hosting a similar infrastructure, Tavis Digital has now announced it is now also joining IRISnet, part of China’s state-backed Blockchain Support Network (BSN), a crucial component of China’s overall blockchain strategy. By running its own IRISnet validator node, Tavis Digital is actively participating in the governance and security of the IRIS network and offering all participants in the ecosystem the opportunity to generate revenue by delegating their IRIS tokens to the Swiss asset manager’s validator.
Marcus Maute, Managing Partner at Tavis Digital explains why Tavis Digital chose IRISnet: “We have been paying close attention to the development of China’s Blockchain Service Network. IRISnet is playing a key role in driving BNS’ adoption as its blockchain infrastructure serves as a communication relayer for other blockchains and their applications. Interoperability between blockchains is the next step for this technology and so we see China’s ‘internet of blockchains’ and IRIS’s key role in this as a huge step forward. The fact that IRISnet was selected in the first batch of public blockchain integration on BSN is a strong endorsement for the foundation’s performance and potential.”
“Tavis Digital joining the network of Cosmos and IRISnet validator nodes as a leading Swiss digital asset manager is a major sign of these networks’ security and longevity and yet another step on the path towards major institutional and enterprise adoption” says Zaki Manian, Founder and CEO of Iqlusion, and one of the earliest leaders in the Cosmos and Tendermint community, who has been instrumental in the architecture and growth of the ecosystem.
Tavis Digital sees increasing demand for institutional quality digital financial products, professional digital asset management services and robust operations. However, despite increasing traction in the digital assets sector, it is still challenging for regulated investors and wealth managers to enter the space, and safe handling of digital assets and securities is still difficult and costly. Setting out to overcome these barriers, Tavis Digital allows financial institutions to benefit from unique expertise, track record and ‘first mover’ market position, without reputational or regulatory risk, as Tavis Digital add to their expanding range of financial products and services in the realm of digital assets.
About Tavis Digital
Tavis Digital is a leading Swiss asset management company that focuses entirely on the portfolio management of digital assets. As a spin-off of Tavis Capital AG, a FINMA-regulated asset manager with over 1 billion Swiss Francs assets under management (AuM) from institutional investors, Tavis Digital positions itself as a pioneer in the asset management industry.
About China’s Blockchain Service Network
The Blockchain Service Network (BSN) is a platform set up for individuals, businesses and local governments on which they can build blockchain applications. Launched in Bejing in April 2020, the main target of the public network is to create a one-stop-shop for blockchain in China which supports smart city initiatives, other public networks and regions in the imminent digital economy which the People’s Republic is building.
The network will have two primary functions. The first is commercial and this will allow businesses/blockchain startups to use the network to develop applications, offering a public alternative to the private blockchain networks which already exist. Alongside this, the BSN will also provide a foundational consortium chain alliance for use for smart cities and digital economies.
IRIS Network (a.k.a. IRISnet) is designed to be the foundation for next generation distributed business applications — a BPoS Blockchain that is self-evolutionary.
IRIS Hub, which is the first hub launched in Cosmos ecosystem, can support interchain transfer not only of tokens, but also of data and computing resource among heterogeneous systems and networks. IRIS Hub can achieve interchain interoperability through a unified service model and provide multiple modules to support DeFi applications.
The development team of IRISnet includes Bianjie, a team that won multiple grand prizes on technological innovation, and Tendermint, a world-renowned team that created the Tendermint consensus engine and Cosmos project.