We have some news from one of our ecosystem developers, Hydro Labs, who today announced that they have partnered with Republic Advisory Services in what is a fantastic move not only for the Hydro Labs team, but the ecosystem as a whole.
From the Hydro Labs release:
We are pleased to announce that following a comprehensive due diligence process, Hydro Labs has formed a partnership with Republic Advisory Services. This partnership will be key in furthering adoption of DeFi services in 2020 through Hydro Labs products – Hydro Pay, Hydro Vault, and Hydro Drive. Republic will also assist the team with enterprise partnerships and fundraising using their global network, as well as rolling out go-to-market strategies.
Republic is part of the AngelList family of startup platforms, together with Product Hunt and CoinList, one of the most trusted online startup ecosystems in the world. Republic’s crypto division is backed by Binance Labs and NEO which led a $12 million raise for them last year. Since their launch, Republic has raised over $200 million for start-ups that passed their due diligence process.
The Hydro Pay, Vault, and Drive ecosystem will allow Hydro Labs to offer a full suite of DeFi services to any user, merchant, financial institution or government anywhere in the world. These products will allow for blockchain secured payments, remittances, lending/borrowing, savings, KYC/AML, and identity management benefiting both the banked and the unbanked.
As a small, decentralized, company working with an extremely tight budget, we are proud of what we have achieved and what we have built. We do, however, have to take the next step to realize our full potential in this growing market and to achieve our mission of building a sustainable entity that builds on Hydro protocols. With the consulting, technical, legal and marketing expertise of the Republic team behind us, we believe we can do just that.
Along with the developments we have coming with the dApp Store (watch this space), and the recent announcement by fellow ecosystem developer, Hydrogen, 2020 is already gearing up to be a very exciting year for the Hydro ecosystem.
We will publish a new Project Hydro Update later this week.