February 23, 2024



Schwarzenbach, Switzerland, 26 June 2023, Chainwire

Concordesthe first one built on Concordia The blockchain has been officially launched on the main network. The platform aims to bring institutional-grade DeFi trading tools to the Concordium ecosystem and recently completed a testnet with 867 users opening 3,695 liquidity positions and completing 15,212 trades.

Concord, where Raised $1.7 million in seed funding Tacans Labs, Skynet Trading, Seier Capital, Amdax and Concordium Blockchain are jointly launching in December 2022 with the aim of bringing to market a suite of TradFi and DeFi trading tools while leveraging the strengths of Concordium Blockchain. The platform provides multiple functions such as regular exchange, as well as advanced liquidity management functions. Its liquidity pool provides centralized liquidity and multiple fee levels to maximize investor returns.

“This is a very important part of the infrastructure of the Concordium ecosystem, and we are now celebrating by launching the first DEX. With Concordex’s user-friendly and elegant design, and an ambitious plan to continue adding features, I firmly believe that this cutting-edge project will Play a role in defining the future and setting compliant DeFi standards.” said Lars Seier Christensen, Founder of ConCondim.

“Building on Concordium, we are pioneering the development of a regulatory-friendly DeFi platform while unlocking appropriate liquidity and bringing a robust set of DeFi trading tools to the ecosystem. We have set out to develop a platform that removes barriers to market entry. Institutional DeFi space,” said Mathias Lundoe Nielsen, CEO of Concordex Labs.

“We are excited to unleash the potential of DeFi in the Concordium ecosystem while being one of the first regulatory-ready DEXs on the market. The Concordex team has been hard at work developing the platform and we are proud to launch a robust set of trading tools, Enabling our users to trade easily while allowing liquidity providers to maximize returns in the ecosystem,” said James Davies. Chief Product Officer at Concordex Labs.

Concordium is a permissionless, environmentally conscious Layer-1 blockchain ecosystem with a unique embedded authentication layer that provides regulatory compliance while ensuring user privacy. It provides a secure way for users and businesses around the world to access the DeFi world while remaining compliant.

Concordex will leverage a regulatory-ready ecosystem to offer one of the first regulatory-friendly DeFi platforms, a fundamental step in the evolution of DeFi, paving the way for wider global adoption of blockchain technology.

About Concordis

Concordex is an advanced institutional-grade liquidity management DEX built on the Concordium blockchain. The project was developed by Tacans Labs, a DeFi venture studio, with a core team including award-winning entrepreneur Mathias Lundoe, and industry veterans James Davies, Ivan Ivaschenko and Marie Tatibouet. The platform is scheduled to launch on the mainnet in the third quarter of 2023.

For more information, please visit: concordex.io

About Hotel Concordia

concordia is a permissionless green layer 1, a science-backed blockchain that balances privacy and accountability through its ID layer and zero-knowledge proofs. Building trust with IDs is key to scaling your business. Concordium provides a fast, secure and large-scale blockchain platform that makes it easy to build use cases and consume dApps. Concordium is different in that it has verified IDs and instant finality, has high throughput and low transaction fees, and is pegged to FIAT. Led by Fortune 500 companies, Volvo, IKEA, Credit Suisse, Uber and successful fintech platforms, the team is extending the chain to an extensive network of the world’s largest enterprises.

For more information, please visit: Concord Network

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PR manager
Dion Guillaume
Tarkan Labs
(email protected)
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