M^ZERO has announced its emergence from stealth mode with its seed round of $22.5 million, led by Pantera Capital. The platform is aiming to advance the pioneering work of decentralized finance (DeFi) and is taking an institutional grade-approach to the matter. Luca Prosperi, CEO of M^ZERO Labs, states that the protocol has the intention to create a neutral infrastructure for payments to flow, similarly to how providers such as Visa, Mastercard and American Express have achieved. The platform aims to be an infrastructural overlay on Ethereum that will allow large providers of assets and liquidity around the world to exchange value, and will incorporate a market based on decentralised governance rules. Currently, M^ZERO is researching a decentralised protocol, though the governance model is anticipated to be different from typical airdrops, open Discord channels, or forums – rather a consortium of sophisticated parties. It aims to go live by the end of this year and would be an open-source, credibly neutral protocol where providers of liquidity and collateral freely meet in a decentralised market. According to Paul Veradittakit, Managing Partner at Pantera Capital, the intention of M^ZERO is to rival traditional payment providers and become an open source protocol for value distribution.



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