Blockchain

Multipool Secures Strategic Investment from Industry Giant Kronos Research

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    Majuro, Marshall Islands, July 23rd, 2024, Chainwire

     

    Multipool, a leading innovator in the blockchain and cryptocurrency industry, today announces a strategic investment from Kronos Research. This investment solidifies Kronos’s stance of on-chain order books being the future of the industry and marks a significant milestone in strategic cooperation between the two companies and their commitment to decentralized finance.

    “We’re absolutely thrilled to be working with Kronos Research, with our expertise in the DeFi sector and the potential of our fully trustless decentralized on-chain orderbook, we envision an eventful future working with some of the best and brightest in the industry at Kronos Research.” Steve Murray, Core Contributor at Multipool.

    “At Kronos, we have been leading the charge in liquidity provision, driven by our belief in trustless transactions and their transformative potential. We are thrilled to partner with Multipool to advance the digital asset landscape, providing enhanced solutions for global traders and investors.” Vincent Liu, COO of Kronos Research

    The Future of Decentralized Finance

    Multipool’s aim of delivering a fully on-chain trustless orderbook to the DeFi industry aligns with Kronos’s vision of democratizing access to compliant advanced financial tools. This marks the first step in a long and fruitful partnership that will bring stability, awareness and access to a suite of full decentralized tools currently in high demand industry wide.

    To learn more about Multipool and its features, users can visit:

    Website – www.multipool.finance

    Telegram – t.me/multipoolfi

    X – https://x.com/multipoolfi

    CMC-Community – https://coinmarketcap.com/community/profile/multipool/

    About Multipool

    Multipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in the user’s trading journey with Multipool – The DEX with CEX appeal.

    Website: https://www.multipool.finance/

    About Kronos Research

    Kronos Research is a technology and data-driven trading firm transforming the digital asset landscape by cultivating a dynamic financial ecosystem with exceptional trading performance, advanced cryptocurrency investment strategies, and extensive liquidity provision capabilities.

    Their advanced machine-learning techniques and state-of-the-art trading infrastructure form the backbone of our quantitative trading operations. These enables them to deliver precise data and insights, bolster risk management, develop effective trading strategies, and empower informed investment decisions.

    By leveraging our expertise, they strive to foster strong partnerships and deliver significant value through continuous advancement and innovation.

    For further information or media inquiries, users can contact:

    Marketing Department

    [email protected]

    Website: www.kronosresearch.com

    Social Media: [LinkedIn] [Twitter] [Facebook] [Instagram]

     

    Contact

    Public Relations Manager
    Angie Hermosa
    Multipool
    [email protected]

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    Global Cybersecurity for Critical Infrastructure in Financial Sector Research Report 2024-2030: Cost of Cyber Incidents Pushes Financial Firms to Strengthen Security Protocols

    2024-09-30T10:49:39Z

    Dublin, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The "Global Cybersecurity for Critical Infrastructure in Financial Sector Market (2024 Edition): Market Size, Trends, Opportunities and Forecast, by Industry Sector, Deployment, Component Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.

    Cybersecurity for Critical Infrastructure in Financial Sector Market registered market value of around USD 9.9 Billion in 2023 is expected to grow at a CAGR of 7.2% during 2025-2030.

    The cybersecurity market for critical infrastructure in the financial sector is driven by a myriad of factors, each contributing to the increasing complexity and urgency of deploying robust security measures. Primarily, the escalating frequency and sophistication of cyber threats stand as the foremost driver. Financial institutions are prime targets for cybercriminals due to the vast amounts of money and valuable data they hold. Attacks such as data breaches, ransomware, and phishing have become more sophisticated, prompting banks, investment firms, and insurance companies to continually evolve their cybersecurity defenses.

    Moreover, the regulatory environment significantly influences market dynamics. Global financial entities such as the Financial Stability Board (FSB) and national regulators like the Federal Reserve in the United States, the European Central Bank in Europe, and similar bodies worldwide have tightened cybersecurity regulations and guidelines. Compliance with these regulations is not merely a legal formality; it is imperative for maintaining consumer trust and operational integrity. For example, regulations such as the General Data Protection Regulation (GDPR) in Europe and the New York State Department of Financial Services (NYDFS) cybersecurity regulations in the U.S. have set stringent standards for data protection and security, driving the adoption of advanced cybersecurity solutions.

    The integration of technology into financial services, commonly referred to as 'fintech,' is another critical driver. As banks and financial institutions leverage technologies like blockchain, artificial intelligence (AI), and cloud computing to enhance efficiency and customer service, they also increase their vulnerability to cyber-attacks. This technological adoption creates a paradox where the very tools that enhance capability also expose institutions to greater risks, necessitating advanced cybersecurity measures.

    Another significant driver is the cost implications of cyber incidents. Financial implications include direct costs such as recovery and remediation costs, and indirect costs like reputational damage and loss of customer trust, which can be even more detrimental in the long term. The potential financial losses resulting from cyber incidents can dwarf the investment in cybersecurity, making a compelling case for proactive expenditure in this area.

    Furthermore, the shift towards digital and remote operations, accelerated by the COVID-19 pandemic, has expanded the attack surface for many financial institutions. The increased adoption of remote work models and reliance on digital channels for customer interactions have exposed new vulnerabilities, such as insecure home networks and the use of personal devices for work-related activities. This shift necessitates a reevaluation and often a redesign of cybersecurity strategies to cover endpoints and secure data across more dispersed networks.

    Segment Insights

    By Deployment, On-Premise accounts for around 66% share in the year 2023. The enduring preference for on-premise cybersecurity solutions in the financial sector is driven primarily by the need for control and security. Financial institutions, particularly those with extensive legacy systems and stringent regulatory requirements, often find on-premise solutions more feasible as they offer greater control over the security environment. This control is crucial not only for managing the complex and sensitive nature of financial data but also for complying with strict data residency and privacy laws that govern the sector.

    Geographical Insights

    Americas is the largest region in the Global Cybersecurity for Critical Infrastructure in Financial Sector Market. One of the most significant drivers in the Americas' cybersecurity market is the increasing incidence and sophistication of cyberattacks. Financial institutions are inherently attractive targets due to their financial assets and the sensitive financial data they manage. In recent years, cybercriminals have demonstrated increased capabilities with attacks becoming more diverse and sophisticated, including ransomware, phishing, and Advanced Persistent Threats (APTs).

    This threat landscape mandates continuous enhancements in cybersecurity defenses, which drives significant investment in the sector. Regulatory compliance is another crucial driver. In the Americas, particularly in the United States and Canada, regulatory bodies have established stringent cybersecurity frameworks that financial institutions must comply with. In the U.S., frameworks such as the Cybersecurity Maturity Model Certification (CMMC) and guidelines from the Federal Financial Institutions Examination Council (FFIEC) set the bar for cybersecurity practices.

    Similarly, in Canada, the Office of the Superintendent of Financial Institutions (OSFI) mandates cybersecurity compliance to safeguard the financial system. These regulations ensure that cybersecurity is not just about risk management but is also a compliance necessity, pushing financial institutions to allocate substantial resources to meet these standards.

    Global Cybersecurity for Critical Infrastructure in Financial Sector Market : Historic and Forecast

    Impact Analysis of Macro Economic Factors on Market

    • Global Prevalence of Cybersecurity for Critical Infrastructure in Financial Sector (% of overall cybersecurity)
    • Cybersecurity for Critical Infrastructure in Financial Sector Matrix
    • Market: Dashboard
    • Market: Market Size and CAGR, By Value, 2020-2030 (USD Billion & CAGR)
    • Market: Market Size and CAGR, By Volume, 2020-2030 (Number of Software Installations) & CAGR)
    • Market: Market Value Assessment
    • Assessment of Degree of Impact of COVID-19 on Market

    Market Segmentation: By Industry Sector

    • Market By Industry Sector Overview
    • Market Attractiveness Index, By Industry Sector (2025-2030)
    • Market Size, By Banking, By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Financial Services, By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Insurance, By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Fintech Companies , By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Other Industry Sectors, By Value, 2020H-2030F (USD Billion & CAGR)

    Market Segmentation: By Component

    • Market By Component Overview
    • Market Attractiveness Index, By Component (2025-2030)
    • Market Size, By Solutions, By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Services, By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Software, By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Other Components, By Value, 2020H-2030F (USD Billion & CAGR)

    Market Segmentation: By Deployment

    • Market By Deployment Overview
    • Market Attractiveness Index, By Deployment (2025-2030)
    • Market Size, By On-Premise, By Value, 2020H-2030F (USD Billion & CAGR)
    • Market Size, By Cloud, By Value, 2020H-2030F (USD Billion & CAGR)

    Key Companies

    • Okta Inc.
    • Wipro Inc.
    • Infosys Limited
    • Rapid7
    • Zscaler
    • Broadcom Inc.
    • Accenture
    • Tata Consultancy Services (TCS)
    • HCL Technologies
    • L&T Technology Services Limited (LTTS)

    For more information about this report visit https://www.researchandmarkets.com/r/7pg448

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