{"id":275544,"date":"2021-06-16T00:15:00","date_gmt":"2021-06-15T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pandora-finances-2-4m-raise-helps-spearhead-open-finance-protocol\/"},"modified":"2021-06-16T00:15:00","modified_gmt":"2021-06-15T21:15:00","slug":"pandora-finances-2-4m-raise-helps-spearhead-open-finance-protocol","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pandora-finances-2-4m-raise-helps-spearhead-open-finance-protocol\/","title":{"rendered":"# Pandora Finance\u2019s $2.4M raise helps spearhead open finance protocol"},"content":{"rendered":"<p>&#8220;<strong># Pandora Finance\u2019s $2.4M raise helps spearhead open finance protocol  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNjc1MGMwMTItY2YzNi00OGMzLTg5MjItZTBlYTYwY2ZjOTdlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Vohra believes the gap between these two domains represents one of the biggest adoption challenges for decentralized technologies. \u201cWe are uniquely positioned to solve the biggest problem,\u201d he said, adding:<\/p>\n<blockquote><p>\u201cThere are around $300 trillion dollars of real-world assets which are illiquid. Pandora\u2019s vision is to bridge those off-chain assets to the on-chain ecosystem with an effective business model.\u201d<\/p><\/blockquote>\n<p>Pandora\u2019s business model revolves around the tokenization of illiquid assets, which would allow them to be traded and owned in a secure, decentralized manner. This is accomplished through a middleware solution based around nonfungible tokens, or NFTs. Instead of competing with other NFT marketplaces for liquidity, Pandora\u2019s vision is to help them grow by providing them with more liquidity.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>NFT market projected to double by October as trading volume surges<\/em><\/strong><\/p>\n<p>There\u2019s still a lot of work to be done before traditional finance \u2013 and the trillions of dollars that are siloed there \u2013 can embrace the decentralization promise of open finance. A lack of innovation and decades-old legacy systems may prevent traditional financial markets from making the transition. <\/p>\n<p>Vohra touted his firm\u2019s piNFT tool as a way to bring liquidity to real-world assets \u2013 something he considers to be essential for open finance to flourish:<\/p>\n<blockquote><p>\u201cWe at Pandora are working on fueling open finance adoption more and more with our latest innovation.\u201d<\/p><\/blockquote>\n<p>He continued:<\/p>\n<blockquote><p>\u201cThere are many assets that our traditional financial institutions do not recognize. There is centralization around decision when it comes to classifying the assets and trading them. Pandora will help end-users to expand the horizon of recognizing real-world assets and inducing liquidity in them via piNFT.\u201d<\/p><\/blockquote>\n<p>Pandora\u2019s $2.4 million seed raise, which was completed in May, had participation from at least 15 organizations and several other angel investors. Genesis Block, AU21 Capital, Spark Digital and Protocol Ventures were among the participants. <\/p>\n<p>Pandora Finance, a decentralized platform for NFT-backed real-world assets, recently completed a multi-million dollar seed round backed by some of the biggest venture capital firms in blockchain. In an exclusive interview with Cointelegraph, CEO Pushkar Vohra outlined his company\u2019s vision \u2013 namely, how Pandora Finance aims to create a bridge between the illiquid world of real-world assets and the blockchain.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/pandora-finance-s-2-4m-raise-helps-spearhead-open-finance-protocol\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Pandora Finance\u2019s $2.4M raise helps spearhead open finance protocol &#8221; Vohra believes the gap between these two domains represents one of the biggest adoption challenges for decentralized technologies. \u201cWe are uniquely positioned to solve the biggest problem,\u201d he said, adding: \u201cThere are around $300 trillion dollars of real-world assets which are illiquid. Pandora\u2019s vision&#8230;<\/p>\n","protected":false},"author":1,"featured_media":275545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNjc1MGMwMTItY2YzNi00OGMzLTg5MjItZTBlYTYwY2ZjOTdlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74983,95118,117,70610],"class_list":["post-275544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-decentralization","tag-nft","tag-business","tag-finance"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/275544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=275544"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/275544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/275545"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=275544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=275544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=275544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}