#kima Network leverages $1.7 million in pre-seed funding to launch its SDK for dApp developers, institutional Web3 builders, Web 2.0 apps, and fintech companies—empowering traditional institutions to begin bridging crypto and fiat. Unlike other crypto bridges, such as centralized swaps, and onramp-offramp services, Kima’s Smart Transaction primitive is not bound to exchanges or specific networks, ensuring minimized trust assumptions while maximizing efficiency. Likewise, its independence from smart contracts eliminates their security and counterparty risks.
Kima makes common financial services such as money transfers, transactions, and escrow services between ecosystems—blockchains and bank accounts—as seamless as possible by using funds from anywhere. It does this by using key building blocks to bolster settlement security, which includes:
External accounts: EOAs (externally owned accounts) are native blockchain accounts that act as pools. By leading with accounts, there is no need for smart contracts on every blockchain, which boosts security by eliminating common attack points.
TSS and trusted execution environments: Transactions utilize TSS and Intel SGX technology to control key sharing between the blockchain validators without allowing direct access. This enables more people to run nodes without concerns about compromising keys.
Efficient liquidity management: Kima’s Liquidity Management (LiMa) algorithm manages universal supply and demand across all ecosystems and maintains a system-wide equilibrium using financial incentives, ensuring a high service level and liquidity distribution among various pools.
Opt-in compliance: To allow fiat support and compliant crypto transactions, Kima employs an opt-in compliance system on the protocol level, unlocking access to legacy features such as fiat payments, and tokenized assets such as stocks and bonds. The compliance layer performs all necessary checks, including AML and KYT verifications to maintain the regulatory standard of compliance.
Kima’s peer-to-peer payment and transfer protocol introduces a vast infrastructure that fosters inter-ecosystem financial activity without intermediaries or smart contracts. The foundation of its offering, Kima’s settlement layer is built to handle wide-ranging applications including cross-border transfers, eCommerce, borrowing and lending, gaming, NFT marketplaces, wallets, and decentralized exchanges.
As the newest addition to FinSec Innovation Lab, Kima now has the capabilities to conduct complex research in evolving financial systems. The agreement garners critical support from Mastercard and Enel X to expand Kima’s beta program with financial institutions, launch pilot projects, and develop progressive technology.
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