Infinex, the decentralized exchange platform founded by Synthetix creator Kain Warwick, has partnered with the Near Foundation to integrate Near’s Chain Signatures, allowing users to sign transactions across multiple blockchains from a single Near account.
Infinex and Near Foundation Partner to Integrate Chain Signatures for Multi-Chain Access
The Chain Signatures integration will expand Infinex’s functionality, providing users with a unified platform for interacting with non-smart contract chains such as Bitcoin and Litecoin.
Other supported chains include Cosmos chains, Dogecoin, and XRP Ledger. According to Infinex CTO Jed Watson, this collaboration allows Infinex to offer self-custody and transparent transactions across decentralized and legacy networks.
“With NEAR, we can bring true self-custody of native assets to chains like Bitcoin without compromising the user experience,” Watson said.
Infinex's monolithic platform aims to provide the speed and user-friendliness of centralized exchanges within a decentralized framework.
Warwick described the partnership with Near Foundation as a step toward matching the functionality of centralized exchanges while phasing out such platforms.
“This partnership will accelerate the demise of centralized exchanges by connecting legacy chains like Litecoin and XRP to DeFi,” Warwick said.
Infinex, which has a total valuation of over $125 million, recently raised $67.7 million from its Patron NFT sale and has attracted high-profile investors including Peter Thiel of Founders Fund, Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Stani Kulechov of Aave.
The new partnership is expected to bring further innovation as Infinex continues its push towards decentralized exchange parity.
*This is not investment advice.