A DeFi marketplace for fiat foreign exchange tokenized currencies, and central bank digital currencies (CBDC), DeFinity partners with Axyon AI to offer deep learning AI models to detect market anomalies in the digital asset space.
Manu Choudhary, Chief Executive Officer of DeFinity, stated: “Artificial Intelligence is the apex technology of the information age and we are incredibly fortunate to have partnered with Axyon AI, a true innovator in the field. This partnership will allow DeFinity token holders to gain exclusive access to AI-powered risk management insights ordinarily reserved for top-tier institutional investors.”
The Axyon AI company is a leading innovator in deep learning/artificial intelligence for asset management and trading companies. In terms of financial use cases, Axyon AI’s products cover asset allocation, security selection, and anomaly detection in option pricing.
Daniele Grassi, Chief Executive Officer of Axyon AI, said, “Digital assets will inevitably reconfigure the financial sector, and DeFinity is at the forefront of this evolution. We believe that our AI-powered solutions, which are already used by leading players in the traditional asset management sector, will provide DeFinity’s community with valuable help in identifying market anomalies and related risks in the digital assets space.”
Using artificial intelligence (AI) to detect abnormal patterns in asset prices is a cutting-edge technology that generates automatic alerts that reference undisclosed new information, ripple effects from correlated assets, or structural changes in asset behavior compared to its broader market context. By using AI technology, market data anomalies, which would otherwise go undetected, can be detected promptly, thus offering a heads-up on volatility events.
WeOwn, Ethereum, Binance Smart Chain, Polkadot, and Cardano are just a few of the blockchain frameworks that DeFinity utilizes. Interoperability is the goal while creating a decentralized ecosystem that assists in bridging traditional assets with digital assets.