EQIFI, Sheesha Finance to Increase DeFi Accessibility, Global Banking
EQIFI, a decentralized protocol for pooled lending, borrowing, and investing for ERC-20 tokens, today announced a partnership with Sheesha Finance, a DeFi solution for investors to easily access a variety of projects while solving issues surrounding locked crypto assets. The partnership will improve investor accessibility to various projects in Ethereum’s DeFi ecosystem.
Despite the exponential growth of DeFi and billions of dollars transacted daily, the user experience and contribution process can be complex and overwhelming for investors looking for extensive exposure. EQIFI is powered by EQIBank and users may apply for EQIBank bank accounts, loans, custody, debit and credit cards, OTC, and wealth management, while Sheesha Finance makes DeFi more accessible to mainstream investors by creating easily convertible assets that can be used to gain exposure to new and existing projects in the space.
“The partnership with Sheesha Finance is a new step in solidifying EQIFI as a major player in the DeFi space,” said Jason Blick, chairman of EQIFI (DeFi) Limited. “Since our launch earlier this month, we’ve seen unprecedented demand. Our team has been tirelessly working around the clock, answering emails and taking calls. Not only are we massively oversubscribed, but we have a considerable waiting list above our hard cap.”
“We are thrilled to partner with DeFi leader, EQIFI, to provide global accessibility to financial products and services,” said Saeed Hareb Al Darmaki, founder of Sheesha Finance. “Our roadmap includes partnering with the strongest projects to grow the DeFi ecosystem with integrity and transparency and we have found a strategic partner in EQIFI, who also supports that vision.”
“As DeFi projects and products mature, we hope to grow our partnership closer,” said Brad Yasar, EQIFI CEO. “Sheesha Finance is increasing accessibility to new DeFi projects with its unique model. This vision aligns well with EQIFI’s goals and we are excited about this partnership.”
EQIFI is the first DeFi protocol for ETH, ERC-20 tokens and select fiat currencies, to partner with a fully licensed and regulated digital bank – EQIBank, whose network spans 180 countries and territories.